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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rebound as European Gas Prices Surge on Iran Risks

April Nymex natural gas (NGJ26) on Wednesday closed up +0.032 (+1.06%).

Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher.   Short covering emerged in nat-gas futures on Wednesday on carryover support from a +6% surge in European gas prices to a 1-week high after Iran threatened to attack energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and Israeli airstrikes on its South Pars gas field and its Asaluyeh oil industry facilities.

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