Colder Conditions and Bullish Storage Forecasts Drive Up Natural Gas Futures
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Natural Gas Prices
North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…
May 14, 2024Natural Gas Prices
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