Natural gas rebounds after brutal crash as traders brace for record storage draw
NYMEX March natural gas rose 5% Wednesday, gaining 15.4 cents to $3.465 per mmBtu after Monday’s record 25.7% plunge. Traders anticipate Thursday’s EIA report will show a record storage withdrawal of 366 bcf following a late-January storm. Gas-linked stocks were mixed, with producers and LNG firms moving in opposite directions. Volatility remains at record highs.