Natural Gas Rises Along With Oil

May 20th, 2020

Natural gas prices rise further, up 4 cents  at $1.86/mmBtu after hitting a nearly two-week-high on Tuesday,

as risk appetite improves across much of the energy/commodity space due largely to a better-than-expected rebound in demand as coronavirus lockdowns are lifted.

“The gas trade has put in a good performance on the upside during the past couple of sessions as the gas curve has strengthened further,” say analysts at Ritterbusch & Associates.

“The fact that the market continues to hang out near 10-day highs suggests some upside follow through in today’s trade and

possibly tomorrow if the weekly storage data offers a smaller seasonal injection than generally expected.”

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