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Barchart
Rich Asplund

Nat-Gas Prices Surge as President Trump Pauses Reciprocal Tariffs

Donald Trump United States Nymex BNEF EIA Natural Gas

May Nymex natural gas (NGK25) on Wednesday closed up sharply by +0.351 (+10.13%).

May nat-gas prices on Wednesday rebounded from a 2-month low and rallied sharply after President Trump announced a 90-day pause on reciprocal tariff for 56 countries, which boosted risk sentiment and prompted short covering in nat-gas futures.  Another supportive factor for nat-gas prices was forecasts for cooler US weather, which will boost heating demand for nat-gas.  The Commodity Weather Group said Wednesday that forecasts shifted cooler from the Midwest to the eastern US for April 14-18.

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