Global natural gas prices traded at US$2.52 per Mmbtu today (Monday, December 18, 2023)

Yahoo Finance reports that global natural gas prices today fell 0.04 percent to US$2.52 per mmbtu. This price drop is relatively significant compared to the average price movement over the past week.

Yesterday, global natural gas prices saw their highest jump on Monday, December 18, 2023, increasing by 0.04 percent. However, prices are currently 36.69 percent lower than their year-to-date high.

The current situation mirrors the previous downward trend in global natural gas prices.

Over the past week, global natural gas prices grew by 3.44 percent, with an average daily transaction price of US$2.43 per mmbtu. Compared to the beginning of the year, prices have fallen by 36.69 percent. The highest trading value for global natural gas this year was US$4.17 per mmbtu, recorded on Wednesday, January 4, 2023.

Annually, the average trading price of global natural gas over the past five years has shown an upward trend. Meanwhile, monthly price monitoring over the past 12 months indicates an upward trend. The highest average monthly price for global natural gas was recorded in January 2023 at US$3.43 per mmbtu.

Previously, news of potential gas shortages deepened concerns about the risk of recession in countries reliant on the fuel for industry and power generation, including the UK and the European Union.