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Natural Gas Prices Fall but Chance for Volatility Remains
Natural gas futures (/NGV3) were on track to finish the week slightly lower despite a modest jump on Friday. Several factors, domestically and abroad, are influencing energy markets, but volatility drivers have eased recently. Still, markets remain in a precarious position as we head into the winter heating season in the Northern Hemisphere. Data released on Friday from Baker Hughes (BKR) showed that U.S. natural gas rigs dropped by three to 118. That was the first cut in three weeks. If that trend continues, it could indicate reduced future flows, which may prompt higher prices. Chevron strikes in Australia end with ... (full story)
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- Posted: Sep 23, 2023 9:19am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 304
