Rallying from a seven-week low in the prior session, natural gas futures rose more than 15% on Wednesday afternoon as the demand outlook for natural gas improves.
At 1:16 p.m. EDT, front-month natural gas futures rose by $0.270 to $2.104—up from its $1.845 open. Buyers will no doubt have their eye on that $2 threshold.
According to Refinitiv data, U.S. production of natural gas was on track to fall to its lowest in two years on Wednesday, to 83.8 bcfd.
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