Market Watch

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A stew of increasingly bullish gas market drivers and thin trading volumes sent US gas futures soaring ahead of the Thanksgiving holiday, with the December contract rising 52.9¢ Wednesday to $7.308 per million Btu. The lead contract, which expires on Monday, has seen a $1.005 three-session gain. The 12-month strip rose 25¢ to $5.973; the 2023 calendar strip was up 22¢ at $5.857 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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Atlantic gas storage withdrawals gather pace as market players get ready for a tightly supplied winter.
Tue, Nov 29, 2022