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US Natural Gas Futures Bounce After Frantic Correction

1 Jul 2022 , 03:51 PM

Natural Gas futures saw some bargain buying today. The natural gas futures tanked well below $6 per million British thermal units on Thursday. Henry Hub futures declined 16.53% to settle at $5.42 per million British thermal units. The contract ended June 33% lower, which was the worst month since December 2018. The US Energy Information Administration said Thursday that inventory for the week ending June 24 rose by 82 billion cubic feet. The counter rose around 5% to $5.67 per mmbtu today.Powered by Commodity Insights

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