Natural Gas Prices Fall As Spring Rolls In -- Market Talk
21 March 2023, 16:24
1024 ET - Natural gas prices fall 2.5% to $2.167/mmBtu, leaving them at a one-month-low and less than 10 cents above a 30-month-low reached in February. "Natural Gas futures are trending lower through early trading, continuing with yesterday's 4.9% decline day-over-day," says Victoria Dircksen at Schneider Electric, in a research note. "NOAA's 6 to 10-day outlook predicts warmer-than-normal temperatures across the Southern regions of the lower 48 and near-normal temperatures in the Northeast, driving looser supply markets as weather-driven demand begins to retreat."
(dan.molinski@wsj.com) (END) Dow Jones Newswires March 21, 2023 10:24 ET (14:24 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
21 March 2023, 16:24
1024 ET - Natural gas prices fall 2.5% to $2.167/mmBtu, leaving them at a one-month-low and less than 10 cents above a 30-month-low reached in February. "Natural Gas futures are trending lower through early trading, continuing with yesterday's 4.9% decline day-over-day," says Victoria Dircksen at Schneider Electric, in a research note. "NOAA's 6 to 10-day outlook predicts warmer-than-normal temperatures across the Southern regions of the lower 48 and near-normal temperatures in the Northeast, driving looser supply markets as weather-driven demand begins to retreat."
(dan.molinski@wsj.com) (END) Dow Jones Newswires March 21, 2023 10:24 ET (14:24 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.