Risk-off mood drags Natural Gas 6.52% lower

Published: March 19 2023, 17:15 GMT+0

Risk-off mood drags Natural Gas 6.52% lower

Friday at a glance: Natural Gas ended Friday at $2.35 per MMBtu following from closing Thursday at $2.51. Overall, this represents a loss of 16.4 cents or 6.52%.

NYMEX Gas's value drop coincided with the fact that Brent Crude Oil is down to $72.53, losing $2.17, after ending the previous session around $74.7. After ending Friday's session at $68.35, Crude Oil lost $2 and is trading around $66.34.

Though NYMEX Natural Gas has been dropping, other Energy have been performing better: notably, Heating Oil rose 1.35% Friday and closed at $2.64.

NYMEX Natural Gas is now trading 63.16% below its 3-month high of $9.68.

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