Natural gas prices rose to the highest level in almost two years, an extension from recent momentum, according to The Wall Street Journal. Low supply and rising consumption are fueling the bullish sentiment as traders assess the impact of weather-related supply disruptions.
- November’s natural-gas futures delivery was up 5.9% to $2.903 a million British thermal units, attaining the highest close since January 2019
- November prices have rallied about 15% and are up about 60% in the past 3 months.
- Volatility also fueled by Hurricane Delta that forced energy companies to shut down natural-gas production
Natural Gas Futures is up 4% in October.