In an August 5, 2023, Barchart article, I asked if it was “The time to buy natural gas?” September NYMEX natural gas futures were at the $2.577 per MMBtu level that day. On August 25, the price had not moved much and October futures were near the $2.65 level. Meanwhile, European gas prices have moved significantly higher over the past weeks, which could be a bullish sign for U.S. prices as the energy commodity heads toward the peak demand season during winter.
Natural gas prices are highly sensitive to European prices because of the war and LNG
