Financeenergy Markets News

"Natural Gas Prices Rise on Light EIA Withdrawal Expectations"

The natural gas market continues to face selling pressure, with a potential short-covering rally on the horizon due to the market being oversold. With winter ending in North America, any potential rally may be short-lived, and caution is advised for investors. The current low prices, despite Russia's reduced gas supply to most countries, are attributed to the surplus of liquefied natural gas from the United States. A cautious approach is recommended, with a potential rally to the $2 level signaling a range-bound play.