Natural Gas Prices Rally Alongside Other Energy Commodities - The Wall Street Journal
Natural Gas Prices Rally Alongside Other Energy Commodities - WSJ
Sept. 27, 2023 9:26 am ET
0852 ET – Natural gas prices are seeing another surge in prices after three consecutive sessions of gains, up 1.7% at $2.700/mmBtu. The gains appear to be driven mostly by a broader rally throughout the energy commodity space led by crude-oil futures that are nearing another 10-month-high and getting a bit closer to $100 a barrel. While the front-month October delivery natural gas contract is trading near the top of recent ranges, that contract expires today, and the more-active November contract trades 2% higher at $2.900/mmBtu. If that contract could hold those gains when it shifts into the front-month tomorrow, it would be the highest price since Aug. 9. ( dan.molinski@wsj.com)
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