NYMEX natural gas futures were trading around the $2.60/MMBtu level in mid-April, a level not seen in a week, amid cooler weather forecast, which increased projected demand for the heating gas. Still, ample supplies in storage should cap much of the upside momentum this week.
Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on April of 2021.
Natural gas is expected to trade at 2.47 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.08 in 12 months time.