Natural Gas Falls Toward 3-Week Lows on High Output - The Wall Street Journal
Natural Gas Falls Toward 3-Week Lows on High Output - WSJ
Sept. 26, 2023 8:46 am ET
0827 ET – Natural gas prices fall 3.2% to $2.554/mmBtu which if maintained would be the lowest closing price since Sept. 6. Peak hurricane season, which often runs from early-to-mid September, has basically come and gone without causing any disruption to offshore gas production facilities, and analysts say this may help drive some bearish, larger-than-normal weekly injections in upcoming EIA reports that could begin to widen an inventory surplus again. Prices are also feeling some selling pressure as other energy commodities including crude oil turn lower. WTI crude is trading lower today for the fifth time in six sessions. ( dan.molinski@wsj.com)
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a WSJ subscription
Subscribe Now
Already a subscriber? Sign In
What to Read Next
- TurboTax: Save up to $15 with TurboTax coupon 2023
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: 15% OFF DIY Online Tax Filing Services | H&R Block Coupon
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: +30% Off today with this eBay coupon code*
- Groupon: New Customers: 10% Off Included Categories