- Natural Gas prices trade sideways near $3.63.
- The US Dollar eases further as the bond market and US Fed officials provide headwinds for the Greenback.
- US Natural Gas prices could reach $4, though the probability gets smaller by the day.
Natural Gas prices are going sideways after heading higher on the back of supply worries stemming from tensions surrounding the Israel-Hamas conflict. The closure of the Tamar gas field should not be an issue as European gas storage is at 97% capacity. This should mean that demand will remain low and might even go lower, counter-balancing the risk of supply issues due to the Tamar gas field closure and possible labor strikes in Australia.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased