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Falling US gas futures contracts

2022-08-02T20:35:16.050Z


New York, SANA- US natural gas futures fell to the lowest level in two weeks today, due to expectations that...


New York-Sana

US natural gas futures fell to their lowest level in two weeks today, on expectations of lower demand over the next two weeks than previously expected.

Reuters reported that gas contracts to the nearest maturity are the trading session on the NYMEX, as low as 5.77 cents, or 7 percent, to record at settlement $ 7.706 per million British thermal units, the lowest level since July 19, and this is the largest one-day decline in percentage terms since late June, when The contract fell about 17 percent.

Gas is traded around $62 per million thermal units in Europe and at $45 in Asia.

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Source: sena

All business articles on 2022-08-02

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