Natural Gas extended gains in April, trading above $1.80/MMBtu, buoyed by expectations for colder weather in the coming weeks that could boost demand for the fuel. The market rebounded further from over two-decades low of $1.60/MMBtu after the coronavirus pandemic crushed gas demand.
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 April of 2020.
Natural gas is expected to trade at 1.71 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 1.43 in 12 months time.