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COTD: Nattie Out of Gas?

Sunday, March 3, 2024 18:01

% of readers think this story is Fact. Add your two cents.

COTD = Chart of the Day

Oh, Nattie, you beast! You are the “widow maker.“. You have hurt us so many times.

Natural Gas
US natural gas futures capped a fourth monthly loss in February after prices plummeted to lows not seen since June 2020. An unusually mild North American winter has dampened demand for the home-heating fuel as production soared, prompting the longest streak of monthly declines for gas contracts since the beginning of the pandemic. Analysts expect prices to remain depressed for awhile, given that forecasts show unseasonably warm weather for much of the next month. Meanwhile, US inventories continue to hover well above typical seasonal levels, with stockpiles in the latest week sitting about 27% above the five-year average — adding further pressure to prices. – Bloomberg

Source: https://global-macro-monitor.com/2024/03/03/cotd-nattie-out-of-gas/

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