U.S. Natural Gas Contracts Trim Their Gains After Rising 3%

The U.S. contracts for natural gas fell during Wednesday’s trading, after rising 3% yesterday, supported by expectations that cold weather will prevail more than expectations and increased demand.

There are fears of an energy crisis in Europe, as analysts have indicated that natural gas stocks are about 15% less than the normal rate for this time of year, raising fears that there may not be enough fuel to heat homes and businesses this winter in the event of severe weather.

Although the market believes that the US will have more than enough fuel for the winter, prices there are still at a multi-year high as expectations indicate that energy shortages in other regions around the world will keep competition strong for US exports.