Natural Gas: Helena's Havoc, Falling Storage Set Stage for a Push Above $3 Barrier

Commodities Analysis by Investing.com (Damian Nowiszewski) covering: Natural Gas Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

Lower storage injections could provide bullish fuel too.prices have surged in recent weeks, driven primarily by severe weather, with Hurricane Helena wreaking havoc along the U.S. East Coast.

With production heavily disrupted, the market is bracing for further gains, especially as the storm’s impact deepens. The market may hit peak pricing toward the end of next year, with an average price of $3.36 per MMBtu. Should prices break through this level, the next target lies at $3.40 per MMBtu, representing historical highs.

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