Natural Gas Prices Set for Wild Volatility Amidst Storage Concerns and Expiry
Natural gas futures reversed higher in early trading as increased volatility is expected with the expiration of the July contract, which could bring "wild volatility" to the market. The sell-off in the previous session may have been influenced by options expiration and profit taking among traders. Additionally, concerns about the Electric Reliability Council of Texas grid's ability to withstand the current period of uncertainty may have contributed to the slide in prices.