Natural gas futures are showing low correlation with crude

Natural gas futures are showing low correlation with crude oil this week, with independent price moves reflecting domestic weather demand rather than broader energy market trends. At Republican U.S. Sen. Dave McCormick's Energy and Innovation Summit in Pittsburgh in July, $90 billion in data center deals between tech companies and natural gas and pipeline companies were announced. These investments could lock in gas as the state's primary electricity generator for another generation. Disclaimer | Privacy Notice | Cookie Notice | Terms of Use | Data Terms of Use | Modern Slavery Act Transparency Statement | Report a Security Concern Analysts note natural gas futures could test the $2.50/MMBtu level if upcoming NOAA weather outlooks confirm prolonged heatwaves. Power sector demand remains the key driver in Q3 price predictions.