New York, March 2, 2026, 09:36 EST — Regular session.
- Antero Resources shares were up about 2.7% in early trade, tracking higher oil and gas prices
- Broader U.S. stocks fell as markets weighed the risk of a prolonged Middle East conflict
- Traders are watching U.S. gas storage data due Thursday and fresh headlines on supply disruptions
Antero Resources shares rose about 2.7% to $37.79 in early New York trading on Monday, extending a recent run as energy prices jumped and the broader market slid. The stock last closed at $36.81 on Friday. Barchart 1
Oil and gas prices surged after a widening U.S.-Israeli air campaign against Iran raised fears of disruption across key shipping lanes and production hubs, pushing investors toward energy and other defensive corners of the market. “For now, the market will be trying to ascertain how long the conflict will be likely to last and whether it will draw in other nations,” Michael Field, chief European equity strategist at Morningstar, said. 2
That matters for Antero because it is heavily exposed to U.S. natural gas prices, the key driver of revenue for Appalachian producers. Natural gas futures — the U.S. benchmark traders use to price the fuel — firmed alongside crude, even as risk appetite cooled elsewhere.
On screens, crude was up more than 6% and U.S. natural gas was up nearly 4%, while U.S. stock index futures and cash markets moved lower. Range Resources was higher and CNX Resources was little changed, reflecting a split tape inside U.S. gas producers.
Antero has tended to trade with swings in gas, and it can move fast when the market starts pricing supply disruptions, higher LNG (liquefied natural gas) demand, or just a short-covering squeeze after a commodity headline. On days like this, the macro does the work.
But a commodities-led rally can fade quickly. If the conflict cools, shipping normalizes or traders decide the supply shock is manageable, oil and gas prices can drop back and take producers with them. A warmer weather turn, or a shift in U.S. output, can also undercut gas prices.
Traders are also looking at Thursday’s U.S. government gas inventory report, a weekly gauge that often sets the tone for front-month natural gas futures. The Energy Information Administration’s next release is due March 5. 3
