What's driving US natural gas prices? (Market Realist)

14 / ENE / 2017
gas-natural

What's driving US natural gas prices? (Market Realist)

By Gordon Kristopher (Market Realist)

Natural gas futures contracts for February delivery rose 5% and closed at $3.38 per MMBtu (million British thermal units) on January 12, 2017. Prices rose due to the following:

  • short covering
  • cold weather forecast
  • larger-than-expected fall in natural gas inventories for the previous week

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