U.S. Natural Gas Futures Rebound as Near-Term Weather Warms
Dow Jones
Aug 11
1535 ET - U.S. natural gas futures rise as near-term weather forecasts add heat to the outlook, LNG feedgas rises and continuing conflict in the Middle East feeds global supply concerns. Natural gas balances are more supportive, "with elevated cooling demand and export flows nearly matching available supply despite production remaining historically strong," Gelber & Associates says in a note. "Cooling demand should still soften as temperatures retreat toward seasonal norms later in the month, but the warmer revision reduces some of the downside risk that had weighed on prices last week." Nymex natural gas settles up 5% at $2.794/mmBtu.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.