Natural Gas Markets Endure a Rocky Week: What Happened?
CTRACoterra(CTRA) ZACKS·2024-07-08 21:31

The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers, together with signs of production gains, affected natural gas futures, which settled with a heavy loss week over week.Meanwhile, forecasts for higher weather-related demand and a resurgence of LNG exports represent a few bright spots for the fuel.Considering that the space remains highly susceptible to unpredictable weather patterns that impact prices and market ...