October Nymex natural gas (NGV24) on Tuesday closed up by +0.076 (+3.57%).
Oct nat-gas prices Tuesday climbed to a 1-week high and settled sharply higher. Nat-gas prices rose after the US Department of Energy on Saturday awarded a five-year LNG export license to New Fortress Energy to sell gas to countries that do not have a free trade agreement with the US. This is the first time since January that the Energy Department has granted a LNG export license and is supportive of prices since an increase in LNG exports could reduce US nat-gas supplies and shrink elevated inventories.
