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Will american natural gaz soon reach 3 dollars or Not ?

Will american natural gaz soon reach 3 dollars or Not ?

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Vincent
Jun 17, 2024
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The Macro Insider
The Macro Insider
Will american natural gaz soon reach 3 dollars or Not ?
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Futures prices for American natural gas for the July contract continue their momentum and are again approaching 3 dollars/MMBtu. The sharp rise in prices observed since mid-May is mainly due to weather forecasts, which indicate that temperatures are expected to be above normal until June 21, with the exception of a few days close to normal between June 7 and 12. This increase in temperatures is expected to support demand for natural gas for air conditioning, which could help keep prices at a high level.

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