Shrinking inventories and supply worries lift natural gas prices to decade-high levels
Natural gas prices have climbed to their highest level in seven years in US NYMEX futures. Extreme weather in the US coupled with disruptions associated with hurricane Ida played a role in kickstarting the rally. Traders put fresh bets on the commodity as they anticipate a shortage this winter, amid a quick rebound in consumption from the pandemic slump last year.
