Morning Natural Gas Market Report
Natural gas prices established a higher high during the initial morning hours, helped by an increase in Atlantic storm activity. Hurricane Irene has strengthened to Category 2 status and is expected to make US landfall as early as Friday morning. While the storm offers little direct threat to Gulf of Mexico natural gas operations, it serves as a reminder of peak hurricane season ahead. The National Hurricane Center is tracking two low-pressure systems off the western coast of Africa, each of them having a 20% of developing into a something more significant.
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.
