Natural Gas Jumps Around 6% After Heavy Losses In Last Session

14 Nov 2022 , 04:55 PM

Natural Gas futures jumped today, starting the week on an upbeat note as the market focused on Freeport LNG announcing the official reopening date of its processing facility, thereby ending the recent uncertainty and pushing the prices up. Natural gas futures lost more than 5% on Friday in a volatile session. The weather in the US is set to remain colder than normal over coming days, potentially lifting the demand of gas. This pushed up the commodity even as the risky assets had an off day amid rebound in the US dollar and the US Natural Gas futures are quoting at $6.22 per mmbtu, up 5.83% on the day. The MCX Natural Gas futures are also up 6.72% at Rs 508 per mmbtu. Powered by Commodity Insights