Natural gas prices surge 5.9% to $2.942/mmBtu and are in position to potentially close at their highest level since March 3, the last time the front-month contract finished above $3. "Strength appears to be driven largely by a further extension of hot temperature forecasts well into the 3rd week of this month as well as by a broadening of hot temps across a larger portion of the US than had been expected at the start of this week," says Ritterbusch & Associates in a note. "As the heat continues with the associated warming of water temperatures across the Atlantic heightening concerns over hurricane activity, the speculative shorts appear to be scrambling to cover positions."
イイフロ 2023年8月9日 21:49
>>1
Natural Gas Climbs 5.9%, Nearing a 22-Week High
Natural gas prices surge 5.9% to $2.942/mmBtu and are in position to potentially close at their highest level since March 3, the last time the front-month contract finished above $3. "Strength appears to be driven largely by a further extension of hot temperature forecasts well into the 3rd week of this month as well as by a broadening of hot temps across a larger portion of the US than had been expected at the start of this week," says Ritterbusch & Associates in a note. "As the heat continues with the associated warming of water temperatures across the Atlantic heightening concerns over hurricane activity, the speculative shorts appear to be scrambling to cover positions."