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The Wall Street Journal reported that natural gas futures are ending the week on a high note following forecasts that cold weather will continue in the United States during March.
The Wall Street Journal reported that natural gas futures are ending the week on a high note following forecasts that cold weather will continue in the United States during March.
As quoted in the market news:
Natural gas for April delivery settled up 9.8 cents, or 2.2%, at $4.609 a million British thermal units on the New York Mercantile Exchange.
Futures fell 6.8% this month, snapping a four-month winning streak and suffering the worst monthly loss since June.
The commodity in recent days had declined as traders looked ahead to warmer spring weather, though conversely, a cold weather pattern is on the horizon and warmer-than-normal temperatures that had been forecasted for mid-March have now been replaced with expectations of more cold air.
Click here to read the full report from The Wall Street Journal.