Natural Gas Prices Turn Higher in Rangebound Trading - The Wall Street Journal
Natural Gas Prices Turn Higher in Rangebound Trading - WSJ
Sept. 25, 2023 8:26 am ET
0817 ET – Natural gas prices rise 0.6% to $2.654/mmBtu following small declines last week as prices continue to bounce around in tight ranges. “Prices did close lower on the week due to pipeline maintenance announcements, LNG exports dropping to 12 Bcf/day, bearish weather patterns, a slight bearish EIA report miss and US production strong at 101 Bcf/day,” says NatGasWeather.com in a note. “With bears holding front month prices under $2.70, we give them the benefit of the doubt they are in control, albeit barely when considering the past 3-months neither bears nor bulls have been able to win the battle for $2.70.” (dan.molinski@wsj.com)
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