Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Natural gas prices have surged significantly, with the commodity trading above $3 for the first time since January. The increase is driven by scorching summer heat and forecasts of continued high temperatures. Since hitting a low of $1.6140 per Mcf on April 26, natural gas prices have risen by 93.8%, including a 7.6% increase today. This rise has impacted related stocks, with TDW seeing a 13% increase, while Nat Gas futures are up by 5%. July 2024 natural gas prices are at their highest since November last year, reflecting the seasonal demand for cooling. Natural gas prices have increased by 32% year-over-year.
That's what scorching heat already in the summer, as well as predictions of a hot one in the next few months, will do to the price of #natgas. Since a recent low of $1.6140/Mcf on April 26,it's up 93.8% after today's 7.6% increase. https://t.co/DzbEI1c9qR
July 2024 #natgas - highest since November last year Get your AC ready! https://t.co/UODFi7bkDK
$TDW hot +13% on back of Nat Gas $NG_F +5%
