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Barchart
Barchart
Andrew Hecht

Why Did the Natural Gas Futures Rally Run Out of Steam?

Natural Gas Nymex BOIL United States ETF Gas Prices

In a November 12, 2024, Barchart article on the natural gas futures arena, I concluded:

Natural gas offers value below $3 in November 2024. The energy commodity has traded between $1.60 and around $10 per MMBtu since August 2022. With the energy commodity closer to the low, the odds favor a recovery rally as the market moves into the peak demand and inventory withdrawal season for 2024/2025.  

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