Natural Gas Mar 23 (NG=F)
| Pre. Settlement | N/A |
| Settlement Date | 2023-02-24 |
| Open | 2.8530 |
| Bid | 2.8500 |
| Last Price | 2.9440 |
| Day's Range | 2.7470 - 2.9080 |
| Volume | |
| Ask | 2.8630 |
- Oilprice.com
Norway’s Temporary Tax Breaks To Bolster Oil Flows To Europe
Oil and gas projects sanctioned under Norway’s temporary tax regime could help bolster energy supplies to the rest of Europe
- Reuters
UPDATE 1-U.S. natgas jumps 6% in low volume trade ahead of contract expiration
Traders noted this usually happens as some gas sellers seek to exit their front-month futures positions on the New York Mercantile Exchange (NYMEX) before they expire because they do not want to deliver gas to the Henry Hub in Louisiana. Volatility often peaks near contract expiration days because trading volumes are usually extremely low since few in the market want to deliver or take gas from the Henry Hub. In 2022, gas prices soared by a record 46% on the day the February contract expired before plunging 26% the next day when the March contract became the new front-month.
- FX Empire
Natural Gas Weekly Price Forecast – Natural Gas Continues to Look for Buyers
Natural gas markets have plummeted during the course of the week to reach below the $2.80 level. At this point, the market is in an absolute freefall.
