Market Watch

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A heady US natural gas futures rally reversed Tuesday, with May gas futures falling 64.4¢, or 8.5% to $7.176 per million Btu. But even as contracts though February 2023 lost $8 handles as they fell into a low to mid-$7/MMBtu range, gas prices remain at heights not seen in 13 years. Sources maintain that traders could continue to target $10/MMBtu supported by headwinds to demand destruction needed to free up gas to refill inventories.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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