Commodities
Polo's Remnants Weaken Natural Gas Prices Ahead of Four Corners Impact
Physical natural gas prices declined on Tuesday as Hurricane Polo's remnants approached the Four Corners region, bringing heavy rains that could dampen cooling demand.
The storm is expected to affect the San Juan Basin hubs, where prices have been impacted by the reduced activity. In contrast, Appalachian markets saw a decline despite restored flows.
On the West Coast, firms are building heat as temperatures rise, which may offset some of the losses in other regions. However, the overall impact on natural gas prices remains uncertain.