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Natural gas continues to fall despite a colder weather forecast
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.
The natural gas markets initially rally towards the $1.80 level before rolling over, as the market is likely to look at these large figures time and time again for direction.
Natural gas prices at the Waha Hub in West Texas have been negative a record number of times so far this year. ... 2024 at 12:43 PM. ... Strong winds forecast to return and threaten Los Angeles ...
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
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As a pair of tropical storms come bearing in on the Gulf of Mexico, this of course has a negative effect on output of natural gas, thereby driving prices higher
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