
Natural gas futures jumped 18 percent on Wednesday to a four-year high on record trading volume of over 1.2 million contracts. The surge followed colder weather forecasts and fears of a tight winter supply, with storage at a 15-year low for the time of year.
The move was the biggest one-day gain in years.
A record one-day rally driven by cold forecasts and low storage signals that prices may stay elevated through winter, raising energy costs for feed processors and grain driers. The volatility also reflects heavy short-covering that could amplify further weather-driven moves.
Após 221 eventos altista de clima passados, Gás natural subiu em mediana +3,3% em 5 sessões (61% de alta; metade central de -5,2% a +14,0%), e -0,3% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Reports a record-volume futures surge to a four-year high on 2018-11-14 driven by colder forecasts and a 15-year-low storage position, which matches the date of the move (demand and supply tightness).