1 of 1
Story summary
- U.S. natural gas futures rose 2.2% to $2.706/mmBtu, aided by higher oil prices.
- A U.S. blockade of the Strait of Hormuz is expected to disrupt supply.
- Eli Rubin of EBW Analytics says physical demand could recover by 8 Bcf/d by next Monday.
- Speculator short positioning has risen, signaling a possible relief rally after five weeks of Nymex losses.
- Domestic weather outlook has improved slightly for near-term demand.
