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Rich Asplund

Nat-Gas Prices Gain on Carry-Over Support from Crude Oil's Surge

Gas Prices crude oil Oil Iran Ayatollah Mojtaba Khamenei United States April Nymex EIA Natural Gas BNEF

April Nymex natural gas (NGJ26) on Thursday closed up +0.024 (+0.75%).

Nat-gas prices on Thursday rallied in sympathy with crude oil and European gas prices amid the Iran war, which is dragging on.  Iran's Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday that Iran's leverage of closing the Strait of Hormuz should be used, and attacks on Gulf Arab neighbors will continue.  Also, UK Defense Secretary Healey said it is increasingly evident that Iran is laying mines in the Strait of Hormuz, which would keep the waterway closed for the foreseeable future.

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