- Natural gas prices are rallying today as recent weather forecasts favor cooler weather across much of the U.S., rising 3.7% to $2.931/MMBtu and extending a rebound that has sent prices higher for four straight trading sessions.
- Nat gas prices had been held down by tepid demand amid one of the warmest winters on record, but forecasts now see temperatures falling below normal levels in the 6-10 day period and beyond.
- Gas producers also may be getting a boost from a favorable review in Barron's for Range Resources (RRC +4.7%).
- Also: SWN +3.1%, COG +2.8%, RICE +4.1%, EQT +1.8%, AR +2.1%, but CHK -0.6%.
- ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ-OLD, FCG, GASL, KOLD, UNL, GASX, DCNG
Big day for natural gas amid cooler weather forecasts
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Symbol | Last Price | % Chg |
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RRC | - | - |
Range Resources Corporation |