US Gas Market Sees Volatility With Shifting Weather and Oil Price Moves

US natural gas futures ended higher, reversing earlier losses, as traders processed a midday forecast showing cooler weather in the coming weeks. Rising oil prices have also pulled up the US gas contract since the war on Iran began.

Contracts for near-term US gas delivery have fluctuated alongside financial flows rushing in and out of baskets of energy products, despite the war having almost no impact on domestic supply and demand for gas in the short run.