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Metals: Natural gas prices fall in the United States

28/04/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Le vendredi dernier, les contrats à terme sur le gaz naturel américain ont chuté d' environ 2% vendredi, reaching their lowest level in five months, due to forecasts of mild weather until mid-May, which will maintain demand for heating and air conditioning at a low level.

For the week, the contract fell by around 11%, putting it down for a fourth consecutive week for the first time since July 2024. This brought the contract down by around 29% in those four weeks. Gas futures for May delivery on the New York Mercantile Exchange fell by 5.6 cents, or 1.9%, to $2.87 per million British thermal units, putting the contract on track for its lowest close since

November 14.

The total amount of gas stored was currently around 1% lower than normal levels for this time of year, after the cold weather in January and February forced energy companies to remove large quantities of gas from inventories, including a record drawdown in January.

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