- Natural Gas broke above $3 in early Friday trading, turns red near the US opening session.
- The US Dollar trades in the green for this week, though sees nearly all weekly gains being erased as this Friday continous.
- US Natural Gas prices could shoot higher to $3.40 despite less demand from Europe.
Natural Gas prices are sliding lower by over 1% this Friday pointing to a mild start for October with initial demand for gas from households to be delayed towards mid-October, triggering a slight drop in demand. Traders sent the gas prices soaring as the EU will need to scramble to get those last cubic feets of gas in order to have the strategic reserves filled to the brim ahead of fall and winter. Expect to possibly see some more price increases to come should more negative headlines on supply hit the wires.
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