Natural gas prices have declined despite Middle East geopolitical risks, with NYMEX hovering near $2.68/MMBtu and MCX below ₹260/MMBtu, driven by supply-demand fundamentals.
The decline comes after a sharp rally at the end of January
Aug 08, 2026
03:19 pm
What's the storyNatural gas prices have been on a downward trend in recent months, despite heightened geopolitical tensions in the Middle East.
The decline comes after a sharp rally at the end of January, which was fueled by colder weather and supply concerns.
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Natural gas prices are climbing back up. This recovery is driven by lower stored gas, increased power sector use, and more US…
A breakout of ₹270 can open the door for a rally to ₹290. Note that there is a minor hurdle at ₹275.
MCX natural gas futures remain range-bound; traders advised to stay out until a breakout occurs between ₹295 and ₹320.
