Natural Gas Prices Slip After Failing to Reach $3 - The Wall Street Journal
Natural Gas Prices Slip After Failing to Reach $3 - WSJ
Oct. 2, 2023 9:15 am ET
0903 ET – Natural gas prices fall 0.8% to $2.905/mmBtu as the market retreats a bit further after making an unsuccessful attempt last week to top $3. Intraday prices climbed as high as $2.997/mmBtu on Thursday, but never quite reached $3, a level the market hasn’t closed above since March 3. “Prices tested $3 last week and failed, suggesting this is an important level,” says NatGasWeather.com in a note. “It’s possible buying late last week to test $3 on Nov’23 contracts was aided by seasonal buyers on the prospects of the first relatively cool system into the northern US late this week.” ( dan.molinski@wsj.com)
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