Natural gas prices drop to $3, potential rebound coming, EIA raises price forecasts

From Investing.com: 2025-04-23 04:19:00

US natural gas prices have dropped despite colder temperatures, leading to higher price forecasts for 2025 and 2026 by the EIA. With prices hitting $3 per MMBtu, a potential rebound could be on the horizon. Storage levels are down, with prices expected to rise if inventories remain tight.

EIA raises average natural gas price forecasts for 2025 and 2026. Prices have dropped to $3 per MMBtu, a key support level that could signal a potential price rebound. With storage levels lower than the five-year average, upward pressure on prices may continue if inventory remains tight.

HenryHub contracts face declining values due to weakening demand in May. Inventory changes and weather conditions will play a crucial role in price movements. If storage injections do not meet expectations, raw material prices could continue to rise. Market closely watching for opportunities amidst changing market conditions.



Read more at Investing.com: Natural Gas: Pullback from $3 Support Could Offer Strong Buying Opportunity