U.S. Natural Gas Price Jumps Above $6 ...Middle East

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U.S. Natural Gas Price Jumps Above $6
source : OILPRICE ( Middle East ) () 33
The U.S. benchmark natural gas price jumped above $6 per million British thermal units (MMBtu) on Wednesday, on the back of estimates that domestic production has dipped in recent days. As of 8:20 a.m. ET on Wednesday, the Henry Hub May futures contract was rallying 4.99% at $6.323/ MMBtu. All the contracts through February 2023 were trading above $6/MMBtu, too.  Several factors played a role in the natural gas price rally, including estimates of a decline in U.S. production, and record-high liquefied natural gas (LNG) exports as the United…

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