U.S oil and gas prices have taken divergent trajectories, with oil prices rebounding while natural gas prices have continued to fall in Thursday's session.
U.S oil and gas prices have taken divergent trajectories, with oil prices rebounding while natural gas prices have continued to fall in Thursday’s session. Oil and gas prices crashed on Monday, with benchmark crude oil futures falling to their biggest one-day decline in more than two years after Israel launched limited attacks on Iran that disappointed markets, followed by Tehran stating it would not retaliate with a direct response.
Three days ago, the Guardian reported that Israel used precision air and drone strikes to principally target air defense systems protecting crucial oil and gas facilities, as well as military sites linked to Tehran’s nuclear programme and ballistic missile production. Meanwhile, natural gas futures have dropped below $2.8/MMBtu as supply concerns eased, after losing 11% earlier in the week, and down another 4.15% at the time of writing.
Oil Prices Natural Gas Winter Gas Demand
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