RE:RE:NG up over 10% today! The Monday bounce is a continuation of recent developments around renewed liquefied natural-gas flows, with U.S. prices staring to recover after more than halving over the past two months, said Ole Hansen, head of commodity strategy at Saxo Bank.
A stronger-than-expected build in U.S. inventories has started to slow as flows to LNG exporting plants, which had been curtailed in part due to a fire at a major Texas facility, have picked up the pace, tightening domestic supplies, he said.