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Oil ends lower on signs of fresh China weakness; natural-gas prices jump 16%
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Prices for natural gas, meanwhile, jumped by roughly 16% to a more than one-week high, as colder weather boosted demand for the heating fuel.
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Meanwhile, February natural gas NGG19, +15.46% settled at $3.591 per million British thermal units, up 15.9%. That was the highest settlement for a front-month contract since Dec. 27, and biggest single-session percentage gain since Nov. 14, according to Dow Jones Market Data.
“Weather continues to serve as the primary driver behind near-term price movements with a recent uptick in weather-related demand helping to send prompt gas prices sharply higher,” said Doug May, U.S. risk manager at Schneider Electric.
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https://www.marketwatch.com/story/us-oil...2019-01-14
https://finviz.com/futures_charts.ashx?p=d1&t=NG
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Prices for natural gas, meanwhile, jumped by roughly 16% to a more than one-week high, as colder weather boosted demand for the heating fuel.
...
Meanwhile, February natural gas NGG19, +15.46% settled at $3.591 per million British thermal units, up 15.9%. That was the highest settlement for a front-month contract since Dec. 27, and biggest single-session percentage gain since Nov. 14, according to Dow Jones Market Data.
“Weather continues to serve as the primary driver behind near-term price movements with a recent uptick in weather-related demand helping to send prompt gas prices sharply higher,” said Doug May, U.S. risk manager at Schneider Electric.
...
https://www.marketwatch.com/story/us-oil...2019-01-14
https://finviz.com/futures_charts.ashx?p=d1&t=NG
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