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Barchart
Rich Asplund

Nat-Gas Prices Climb on Reduced North American Gas Output

United States Baker Hughes Nymex BNEF Electricity Natural Gas

June Nymex natural gas (NGM23) on Monday closed up +0.109 (+4.81%).

Jun nat-gas Monday climbed to a 2-week high and closed sharply higher.  Nat-gas prices have carryover support from last Friday on signs of reduced future U.S. nat-has production when Baker Hughes reported that the number of active U.S. nat-gas drilling rigs in the week ended May 12 plunged by -16 to a 13-month low of 141 rigs.

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