Natural gas futures have been trading around $2.20/MMBtu since September 23rd, reversing the course from earlier this week, driven by expectations of strong demand for the upcoming fall and winter seasons. On September 22nd, the natural gas touched a two-month low of $1.81/MMBtu amid a high level of inventories in storage.
Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on September of 2020.
Natural gas is expected to trade at 2.10 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.77 in 12 months time.