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Commodity: Rising natural gas prices in the United States

28/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Due to record gas flows to liquefied natural gas (LNG) export plants and forecasts of slightly cooler weather than expected over the next two weeks, U.S. natural gas futures climbed by around 2% on Thursday.

Gas futures for April delivery on the New York Mercantile Exchange rose 7.6 cents, or 1.9%, to $4.035 per million British thermal units (MMBtu) at 10:41 EST (15:41 GMT) to $4.035 per million British thermal units (MMBtu) at 10:41 EST (15:41 GMT). The price increase came despite production close to record, demand expected over the next two weeks that was lower than expected, and a report showing that last week's inventory withdrawal was slightly lower than expected.

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