Natural Gas Prices Top $3, Nearing a 7-Month High - The Wall Street Journal
Natural Gas Prices Nearing Highest Since Jan. 27 - WSJ
Updated Oct. 4, 2023 9:26 am ET
0905 ET – Natural gas prices continue to take out key technical levels, recently trading 2.3% higher at $3.017/mmBtu which if maintained would be the highest closing price since Jan. 27 when the market closed at $3.109. Extended heat in some key gas-consuming regions in the southern U.S. is being cited as one reason for the surge in prices. Chances of another below-average storage injection in tomorrow’s EIA report are also boosting bullish sentiment as this would mark a 12th below-average weekly increase in the past 13 weeks and would further narrow a storage surplus. ( dan.molinski@wsj.com)
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