Natural Gas Market Reacts to Latest Storage Figure and Weather Forecasts
Thursday, 4 April 2024, 22:07
Natural Gas Futures Decline
Natural gas futures faced significant selling pressure, declining for the second straight session. The market sentiment was driven by expectations of bearish weather and the latest storage data, affirming ample gas supplies.
Spot Prices Under Pressure
Spot prices slid in response to the government inventory data release, which revealed high storage levels. The market reaction signified concerns over oversupply and softened demand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.