0944 ET - U.S. natural gas futures get a bit of a lift from the rise in oil prices after U.S.-Iran talks broke down without agreement and a U.S. blockade at the Strait of Hormuz is set to take effect, while the domestic weather outlook turned a little less bearish for near-term demand. "Physical demand may recover 8 Bcf/d by next Monday, and weak spot prices and shoulder-season pipeline maintenance may limit production and discourage Canadian imports," Eli Rubin of EBW Analytics says in a note. An increase in speculator short positioning, meanwhile, "is an indicator for a potential relief rally after five straight weeks of Nymex natural gas losses," he adds. Natural gas is up 2.2% at $2.706/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 09:45 ET (13:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments