Risk-off mood drags NYMEX Gas 6.52% lower

Published: March 19 2023, 10:16 GMT+0

Risk-off mood drags NYMEX 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%.

US Natural 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. Crude Oil lost 2.94% Friday and closed at $68.35.

Positive performances can be seen by looking at other Energy markets as Heating Oil went up by 1.35% Friday, and closed at $2.68.

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

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