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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Push Higher on Outlook for US Inventories to Remain Tight

United States Gas Prices BloombergNEF Donald Trump BNEF EIA Natural Gas

April Nymex natural gas (NGJ25) on Monday closed up +0.092 (+2.09%).

April nat-gas prices on Monday rallied to a new 2-year high on signs that US nat-gas storage levels could tighten further ahead of the summer air-conditioning season.  BloombergNEF projects that US gas storage will be 10% below the five-year average this summer.  As of February 28, EIA nat-gas inventories were -11.3% below their 5-year average and near the tightest supplies have been in over 2-1/2 years.  

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