Natural gas prices dropping due to high supplies and low demand.
From Investing.com: 2025-07-02 05:20:00
The truce in the Middle East has eased market tensions, benefiting buyers as 20% of the world’s oil passes through the Strait of Hormuz. US natural gas prices have dropped below $4 per unit due to high supplies and low demand from warmer weather. Henry Hub contracts are bearish with rising inventories and warm weather affecting prices.
Henry Hub natural gas prices are falling, dropping below $4 per MMBtu. If prices break below $2.90 per MMBtu, it could offer attractive buying opportunities. European Dutch TTF gas prices are also declining, with the €31 level acting as a key support zone. Prices could head towards the long-term low near €23.
The latest EIA report shows rising gas inventories and warmer weather affecting the market. With low demand and stable storage levels, natural gas prices may continue to drop. Subscribers to InvestingPro can access market trends and investment opportunities to navigate the challenging market environment.
Read more at Investing.com: Natural Gas: Rising Inventories, Cooling Demand Signal Further Downside Risk