Natural Gas Futures Rise as Gulf Coast Braces for Hurricane
Natural gas futures pushed higher on Friday to cap a winning week as the northern Gulf Coast prepared for Hurricane Isaias over Columbus Day weekend.
Natural gas futures increased on Friday, extending gains for the week as energy markets reacted to impending weather threats along the northern Gulf Coast, according to NGINaturalGas. A powerful hurricane was reported to be approaching the region over the Columbus Day weekend, prompting supply and infrastructure preparations across the coastal corridor.
Weekly Gains
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The upward movement in futures prices accentuated a winning week for natural gas markets as traders factored in potential disruptions to regional production and transportation facilities.
Key facts
- Natural gas futures moved higher on Friday to secure a winning week.
- The price increase was driven by a powerful hurricane poised to hit the northern Gulf Coast over Columbus Day weekend.
Source: naturalgasintel.com
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