Lock In Prices on Natural Gas
Henry Hub Natural Gas Futures prices for June delivery on the New York Mercantile Exchange on Tuesday scored a fresh four-week high of $2.359 per 10,000 million British thermal units (10,000 mm Btu). In late April, this heretofore beleaguered market hit a fresh 13-year low of $1.902, based on nearby futures.
A report on Monday from the U.S. Energy Information Administration said U.S. natural gas production in February fell 0.6% to a four-month low 72.32 billion cubic feet per day. That report did somewhat encourage the natural gas market bulls. However, the International Energy Agency (IEA) said overall gas production is still 10% above last year's levels and overall gas in storage is more than 50% above the five-year average for this time of year....276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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