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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Soar as an Outage Cuts Norwegian Gas Supplies

United States Europe Nymex BNEF Electricity Natural Gas

July Nymex natural gas (NGN24) on Monday closed up sharply by +0.169 (+6.53%).  

July nat-gas prices soared Monday on carryover support from a rally in European nat-gas prices to a 6-month high.  Nat-gas prices rallied sharply due to concern that European demand for US gas supplies will surge after an unplanned outage at Norway's Nyhamna gas processing plant cut gas supplies to Europe.  

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