U.S. natural gas prices took a roller-coaster ride! After a pipeline leak triggered a 9% surge, prices pulled back; the market expects the supply disruption may be relatively short-lived.
Zhito Finance APP has learned that U.S. natural gas futures turned lower on Friday, giving back some of the sharp gains from the previous trading session. Earlier, a leak on TC Energy's (TRP.US) Columbia Gas Transmission pipeline in West Virginia reduced transportation capacity, at one point affecting as much as 1.5% of natural gas supply in the Lower 48 U.S. states, driving a sharp surge in gas prices on Thursday. However, as the market expects the disruption may be relatively short-lived, supply concerns have cooled somewhat.
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