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Commodities

Natural Gas Futures Fall Short of $3 Mark Amid Record Heat

Guavy AI Editorial Team
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Natural Gas
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Natural gas futures continued their upward trend on Wednesday, but failed to breach the $3 mark. The price increase was driven by record-challenging heat in the South, which boosted demand for natural gas.

However, softer liquefied natural gas (LNG) feedgas and a bearish shift in forecasts beyond the weekend limited the rally's momentum.

The October contract hovered just below $3, but failed to reach this milestone. The Golden Pass LNG terminal's feedgas rebounded, which also contributed to the price increase.

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