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What will be the price range of U.S. natural gas futures at the end of 2024?
2
Resolution / Starting Odds
Below $2.00 • 25%
$2.00 - $2.50 • 25%
$2.51 - $3.00 • 25%
Above $3.00 • 25%
Publicly available data on U.S. natural gas futures prices from financial news outlets or commodity exchanges
Story
U.S. Natural Gas Futures Surge to $2.50, Highest Levels Since June 2024, Up 20%
Sep 23, 2024, 02:07 PM
U.S. natural gas futures have experienced a significant increase, reaching their highest levels since June 2024. For the week ending September 20, natural gas futures prices rose by $0.13 (6%), from $2.31 to $2.43. The November contract also saw an increase of $0.13, from $2.59 to $2.72. The rise in prices is attributed to a combination of factors, including short covering and concerns over a second Gulf storm in September. Net long positions in U.S. natural gas rose by 13 billion cubic feet (25%) due to a decrease in short positions. The price increase has also been reflected in a 7% jump to a 12-week high, driven by storm worries. U.S. natural gas futures hit $2.50 for the first time since July, and prices have gone up by 20% recently.
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Above $3.00 • 25%
Below $2.00 • 25%
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$2.51 - $3.00 • 25%
Above $3.00 • 25%
Below $2.50 • 25%
$2.50 - $3.00 • 25%
$3.01 - $3.50 • 25%
Above $3.50 • 25%
Below $3.00 per gallon • 25%
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$3.50 to $3.99 per gallon • 25%
$4.00 or above per gallon • 25%
Below $80 • 25%
$80 - $90 • 25%
$90 - $100 • 25%
Above $100 • 25%
Below $60 per barrel • 25%
$60 to $70 per barrel • 25%
$70 to $80 per barrel • 25%
Above $80 per barrel • 25%
Below $50 per MWh • 25%
$50-$70 per MWh • 25%
$70-$90 per MWh • 25%
Above $90 per MWh • 25%
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Increase 10-20% • 25%
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No significant change • 25%