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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Sharply Higher on Global Supply Risks

United States Nymex Iran Natural Gas BNEF EIA

April Nymex natural gas (NGJ26) on Friday closed up by +0.183 (+6.09%).

April nat-gas prices rallied sharply on Friday and posted a 1-month high amid concern that the ongoing war in Iran could lead to longer-term disruption of global gas supplies.  The possibility of a prolonged disruption to LNG supplies in the Middle East with the closure of the Strait of Hormuz could boost demand for US gas, which has had a limited impact from the Iran war on US production or exports.  

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