Look for natural-gas prices to suffer as winter turns to spring [MarketWatch]
S&P Global Inc. (SPGI)
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Source: MarketWatch
Look for natural-gas prices to suffer as winter turns to spring The winter season has generated strong demand for natural gas amid tight U.S. supplies. That would normally lead to higher prices. So why has the heating fuel had one of the biggest price declines among commodities this year? “Winter has been erratic so far, but this winter has also cranked out some of the biggest demand events ever seen,” says Richard Hastings, macro strategist at Seaport Global Securities. “This might happen again, but the heating season has a time factor—and the clock is ticking.” The winter season officially ends in late March. More from Myra P. Saefong: How one MarketWatch reporter ended up covering commodities for the last 20 years That’s reflected in recent price drops. Natural-gas futures settled at $2.584 per million British thermal units on Friday, their lowest settlement since February 2017. That came just over two weeks after prices topped $3.50 for the highest finish in more than a year. Y
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