NYMEX August natural gas futures rally amid storage-driven short-squeeze

Capt. John

Roughly one month ago, NYMEX gas futures were trading in the $9.60s/MMBtu area and have since tumbled by a hefty 49% to lows in the $5.30s/MMBtu area earlier this week. Bullish gas market traders have been looking for anything remotely price-supportive as a reason to trigger a short-covering rally....

https://www.hellenicshippingnews.com/nymex-august-natural-gas-futures-rally-amid-storage-driven-short-squeeze/

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