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What happened to natural gas prices in June?

Check out our Natural Gas Historical Prices page. June Nymex natural gas (NGM24) on Monday closed up +0.129 (+5.73%). June nat-gas prices on Monday rallied to a new 3-1/2 month nearest-futures high and settled sharply higher.

Why did natural gas prices trend northward last week?

Meanwhile, daily consumption rose to 95.9 Bcf from 94.5 Bcf in the previous week, mainly reflecting higher natural gas consumed for power generation. Natural gas prices trended northward last week despite the higher-than-expected inventory build.

Why are natural gas prices so high?

It appears that these production cut announcements have been partly responsible for driving natural gas prices higher and galvanizing the market. As is the norm with natural gas, changes in temperature and weather can lead to price swings. With low heating demand this winter, usage of the commodity to generate electricity took a hit.

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