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Natural Gas Soars to Highest Level since November

M. Ali 28 August, 2020 1:24 am Commodities, Market Update

Natural-gas futures rose on Thursday to their highest level since November 2019, after the release of stockpiles data.

Natural gas futures for September delivery rose by 12 cents, or 4.83%, and settled at $2.579 per million British thermal units (MBTU).

This comes after data by the US Energy Information Administration (EIA) showed an increase in natural gas inventories by 45 billion cubic feet last week to a total of 3.420 trillion cubic feet.

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