Natural Gas Prices Rebound as Weather, Storage in Focus - The Wall Street Journal
Natural Gas Prices Rebound as Weather, Storage in Focus - WSJ
0820 ET – Natural gas prices in the U.S. climb 1.7% to $2.755/mmBtu, helped by rebounding prices across the U.S. energy commodities spectrum that follow sharp declines Monday. Trading this week was interrupted by yesterday’s July 4th holiday, and investors are now turning their focus to tomorrow’s weekly EIA storage report. Some early forecasts point to a slightly-higher-than-normal injection as production stayed high and weather was relatively mild last week in the US despite some pockets of hotter-than-normal temperatures. The front-month natural gas contract for August delivery is 1.5% lower so far this week following a 1.6% decline last week. ( dan.molinski@wsj.com)
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