Reported 1 day ago
Natural gas prices are currently at $3.039 per million British thermal units (MMBtu), reflecting a 16% decline since the beginning of 2025 due to excess supply overshadowing demand. Factors such as high U.S. production, increased storage levels, and a shift towards renewable energy have contributed to this downturn. Despite the bearish trend and a potentially oversold market indicated by the Relative Strength Index, historical patterns suggest a seasonal decline in prices, especially as the December contract approaches. Traders are advised to approach the market cautiously, integrating technical indicators and risk management strategies.
Source: YAHOO