Natural-gas futures extended their gains into a fifth straight session on Monday, with prices settling at their highest in nearly 14 years, while oil prices finished at their highest levels of the month so far on worries about global energy supplies. A late-season blast of cold air in the U.S. and weak storage have been cited as some of the reasons behind a recent surge in natural-gas prices. On the charts, natural gas has become “very overbought on a daily timeframe” and that suggest a pullback is becoming increasingly likely in the near term, said Richey. See: Where oil stands 2 years after its historic drop below zero dollars a barrelAlso see: What’s next for gasoline prices? Also see: Corn futures climb to their highest prices in nearly a decade

Source: Libya Today April 19, 2022 07:00 UTC