Natural Gas Falls Amid Broader Energy Sell-Off - The Wall Street Journal
Natural Gas Falls Amid Broader Energy Sell-Off - WSJ
1457 ET – Natural gas prices in the US drop 4.9% to finish at $2.659/mmBtu as the market gets swept up by a broader sell-off in other energy commodities such as crude oil and gasoline. The past week has seen price movements in the US natural gas market being significantly influenced by markets outside its realm, with European gas markets moving US natural gas futures last week, and WTI oil prices seeming to be impacting natural gas markets in today’s session. This is partly because rising US LNG exports have made the domestic gas market more global. Also, an increase in associated gas production in the US from oil-producing shale regions is linking the two markets, oil and gas, closer together. ( dan.molinski@wsj.com)
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