During Wednesday’s trading session, natural gas prices surged again, breaking above the “island reversal” that had developed a few weeks prior.
WTI oil retreated to $84.50 per barrel. Gold fell below $1650 per ounce. After the recent decline, traders took some profits off the table and the price of natural gas rose. Precious metals fell as Treasury yields increased. Copper retreated following an abortive attempt to settle over $3.50.
Natural gas costs increased. In the majority of the United States, cooler-than-normal temperatures are predicted. Compared to the prior week, supply dropped.