Markets

Morning Natural Gas Market Report

The natural gas market starts the Thursday morning trade out on what appears to be a stronger footing. However, it is possible that natural gas is getting a fresh layer of support from further long crude oil/short natural gas spread liquidation. However, the market is benefiting from a warm US temperature forecast and perhaps because of predictions of a somewhat active hurricane season ahead. It is also possible that natural gas is rising relative to crude oil prices, as a result of news of a decline in Russian monthly natural gas production, especially since that news comes in the face of a fresh post Soviet high output of oil. While it might be premature to factor in talk of 5 major tropical storms in the Atlantic this season, an extreme active severe weather pattern in the US this spring might be lending credence to hurricane supply threats.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities