U.S. Natural Gas Prices Could Soon Hit $10 ...Middle East

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U.S. Natural Gas Prices Could Soon Hit $10
Warmer than usual spring weather, expectations of a hotter summer, and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to above $10 per million British thermal units (MMBtu) in the coming weeks, analysts say.  Earlier this week, the front-month Henry Hub benchmark price hit a 13-year high of over $8/MMBtu, as prices rallied amid increased demand for air conditioning. As of 9:50 a.m. EST on Friday, the natural gas price was at $8.693/MMBtu, down 1.02% on the day. Moreover,…

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