Natural Gas (XNG/USD) price rallies for a fourth consecutive day, posting a nearly 6.5% gain this week.
Natural Gas prices are swinging higher after reports that NATO is floating the idea to add Ukraine. Meanwhile PetroChina is set to expand its LNG business. The US Dollar Index orbits around 104.00 ahead of US CPI numbers and FOMC Minutes. Natural Gas price rallies for a fourth consecutive day, posting a nearly 6.5% gain this week.
It would ask markets to reprice the whole energy complex with both Oil and Gas seeing a massive risk premium priced in over a longer period of time. In the short term, any further upticks will come out of the Middle East after Israel announced it is sending troops to Lebanon under the pretense that Hezbollah is operating there, keeping a potential risk for disturbances in Gas transit in the region.
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