NYMEX August natural gas futures rally amid storage-driven short-squeeze
July 7, 2022 Comments Off
Buyers came out following the release of a bullish weekly natural gas storage report, which sent NYMEX August natural gas futures rallying 78.7 cents to settle at $6.297/MMBtu on July 7. Roughly one month ago, NYMEX gas futures were trading in the $9.60s/MMBtu area and have since tumbled by a hefty 49% to lows in the $5.30s/MMBtu area earlier this…
NYMEX August natural gas futures rally amid storage-driven short-squeeze
Buyers came out following the release of a bullish weekly natural gas storage report, which sent NYMEX August natural gas futures rallying 78.7 cents to settle at $6.297/MMBtu on July 7. Roughly one month ago, NYMEX gas futures were trading in the $9.60s/MMBtu area and have since tumbled by a hefty 49% to lows in the $5.30s/MMBtu area earlier this…
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