🟢 NG=F is trading 3% up today on global LNG supply squeeze and geopolitical tensions

NG=F is trading 3% up at $3.05 following a sharp move driven by a global LNG squeeze and escalating geopolitical tensions.

• A 60% surge in LNG prices and the disruption of roughly 20% of global supply from the Strait of Hormuz closure are significantly tightening the market.
• Unusually low EU gas storage levels are boosting expectations for higher U.S. natural gas and LNG export demand, supporting the recent price rally.