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Natural Gas Extends Gains on Frigid Temperatures, Supply Drawdown
Natural gas futures picked up gains on Thursday as cold weather and another drawdown lifted prices. Natural gas has been extremely volatile over the past month, and market watchers anticipate further chaos throughout global energy markets. February natural gas futures rose $0.091, or 2.88%, to $3.254 per million British thermal units (Btu) at 19:25 GMT on Thursday on the New York Mercantile Exchange. Natural gas is already up 4% this year and has surged 28% over the last 12 months. According to the US Energy Information Administration (EIA), domestic natural gas inventories fell by 40 billion cubic feet for the week ... (full story)
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- Posted: Jan 9, 2025 8:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 72
