US Natural Gas Inches Up With Oil on Lingering Mideast Fears
Fort St. Vrain Generating Station in Platteville, Colorado.
Photographer: Chet Strange/BloombergUS natural gas futures ended slightly higher alongside oil, which continues to climb on concerns over a prolonged disruption to energy supplies through the Strait of Hormuz.
Those worries, which do not fundamentally affect the short-term US gas market, outweighed a small decrease in expected heating demand over the next two weeks. Oil futures have exerted a strong influence on US gas futures since the war broke out in Iran last month.