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U.S. natural gas futures rose for a third straight session on Monday, with May Nymex contracts up 2.8% to $1.802/MMBtu. Traders expected gas output to fall as oil drillers shut shale production after crude's collapse to its lowest since 1986, and they also cited forecasts for cooler weather.
Associated gas from oil wells is a large share of U.S. supply, so cutting oil drilling tightens future gas output and supports prices.
reuters.com20 Apr 2020Setelah 155 peristiwa makro bullish sebelumnya, Gas Alam bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -4,0% sampai +7,1%), dan +2,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Natgas futures rose for a third straight session as traders expected associated gas output to fall after oil drillers shut in shale production, a direct supply-side driver within the move window.
Natural gas futures rose for a third straight session on April 20 as traders expected associated gas output to fall after the oil price collapse, which is a direct supply-expectation driver within the window.
