Tag: gas:
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Natural gas: First weekly gain for July amid high but fluctuating power burns
[ad_1] Investing.com — Longs in U.S. natural gas futures booked their first weekly gain for July after extraordinarily high power burns for the month from a spike in air-conditioning demand driven by summer heat. Most-active on the New York Mercantile Exchange’s Henry Hub settled Friday’s session down 4.4 cents, or 1.6%, at $2.7130 per mmBtu,…
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Natural Gas: Biggest week in 3 months as bulls celebrate smaller storage build
[ad_1] Investing.com — An underwhelming storage build has led to an overwhelming in demand prospects for natural gas, resulting in the biggest weekly price gain for the fuel since March. The on the New York Mercantile Exchange’s Henry Hub settled Friday’s session at $2.6320 per mmBtu, or metric million British thermal units — up 9.9…
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Natural gas: Another 5% win week despite hovering at $2
[ad_1] By Barani Krishnan Investing.com — Natural gas bulls aren’t making much progress beyond the mid $2 level, but a second weekly win of 5% might assure those long on America’s favorite fuel for indoor temperature control that a price breakout could be imminent. The most-active on the New York Mercantile Exchange’s Henry Hub was…