The trader “hype and hysteria” that led natural-gas prices to drop nearly half their value so far this year appears to have finally settled down, but may soon give way to a fresh round of volatility with the summer cooling season just getting started.
As of Thursday, natural-gas futures NGM23 NG00 on the New York Mercantile Exchange had lost 47% of their value this year, with a 40% drop in January the biggest monthly decline in 22 years. For April, prices based on the front-month natural-gas contract traded just over 6% higher,…
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