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Barchart
Barchart
Andrew Hecht

Why Did Natural Gas Rally at the Start of the Offseason for Demand?

I asked if natural gas prices can rebound in an April 30 Barchart article. Nearby prices were just over the $2 level at $2.013 per MMBtu on April 29. I concluded the article with the following:

Two bullish factors face the bearish natural gas futures arena in late April 2024. While inventories are high, elevated open interest and the war in Ukraine could cause significant upside price variance in the blink of an eye.  

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