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Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
Natural gas prices ... We anticipate US natural gas price to reach $4/MMBtu by 4Q24," wrote JPMorgan's Kaneva and her team. ... Read the latest financial and business news from Yahoo Finance.
On Tuesday, natural gas futures were hovering just above $2.30 per million British thermal units (MMBtu). Contract prices are down 25% over the past month, and about 40% lower year to date.
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... increases in electricity prices (natural gas being a key input in many U.S. power markets), and the increased costs for consumers ...