US Natural Gas Prices Pressured by Strong Production and Dollar Strength
Natural gas prices are trading near $2.84 to $2.87 per mmBtu, according to Univest's research desk led by Ankit Jaiswal and Kunal Singla.
Cooler weather forecasts for the coming days are expected to curb near-term demand from power generators, a benchmark that typically feeds through to MCX natural gas pricing.
The US dollar held firm near its strongest level of the week, which is a headwind for dollar-denominated commodities like natural gas.