BRIEF-BofA Raises Henry Hub Gas Price Forecast For 2H26 To $3.8/Mmbtu

July 9 (Reuters) - BANK OF AMERICA CORP:

  • RAISED ITS 2H26 HENY HUB FORECAST TO $3.8 PER MILLION METRIC BRITISH THERMAL UNITS (MMBTU), FROM $3.6/MMBTU PRIOR, TO REFLECT RISK OF GAS INVENTORIES ENTERING WINTER BELOW 3.8 TRILLION CUBIC FEET, IN A NOTE DATED JULY 8

  • GAS PRICES HAVE RECOVERED SINCE THE APRIL LOWS, AND THE BANK BELIEVES HENRY HUB HAS MORE ROOM TO RUN, ESPECIALLY IF THE FORECASTED HEAT SHOWS UP IN THE COMING WEEKS


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