0944 ET - U.S. natural gas futures are modestly higher after falling along with oil yesterday, with gains limited by a warm weather outlook. The natural gas market "can't decide if its correlated to oil or not, while the prompt fundamentals are pretty much on hold," Scott Shelton of TP ICAP says in a note. Longer-term questions for the market include whether high LNG prices will reduce export terminal maintenance in 2Q, or high oil prices and the refill of the Strategic Petroleum Reserve will lead to greater U.S. oil production and more associated gas growth, he says. Nymex natural gas is up 1.4% at $2.931/mmBtu.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 09:44 ET (13:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments