Global Gas Prices are Soaring to Record Highs. Here’s Why.
Image by Nikola Johnny Mirkovic on Unsplash
Natural gas prices have risen to seasonal record highs as global gas demand is expanding and supply is not able to keep up. Bullish fundamentals combined with weather-related events have acted as tailwinds to propel prices. The extreme supply tightness of the global gas market is now spilling into oil markets.
Source: CME Group data
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