Natural Gas Prices Shed Declines, Climb 1.6% - WSJ - The Wall Street Journal
Natural Gas Prices Shed Declines, Climb 1.6% - WSJ
Updated Sept. 18, 2023 9:47 am ET
0941 ET – Volatile natural gas prices in the U.S. fully erase early-morning declines and climb 1.6% higher at $2.685/mmBtu in a move partly driven by broader gains in the energy space as oil prices hit new 2023 highs and fuel-futures markets rise as well. Natural gas has seen plenty of choppy trading in recent weeks, and today’s rebound also may reflect reduced concerns over a recent drop in feedgas demand to the Freeport LNG export plant in Texas. ICIS reported at the end of last week that market participants have “noted a rise in feedgas nominations as well as increased power line readings at US Freeport LNG on 14 September, signaling progress towards a potential plant restart though the exact timeline remains unclear.” ( dan.molinski@wsj.com)
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