Price of NatGas Up Huge $0.30 in 1 Day as LNG Exports Pick Up

Yesterday the price of natural gas trading on the NYMEX futures exchange, a price based on the spot price at the Louisana Henry Hub trading point, zoomed up, closing 30 cents higher than the trading day before (up 14%). There does not appear to be a single, specific reason why trading took off like wildfire. Some speculate it rose based on the good news that U.S. LNG exports are once again on the rise. Others say short-term forecasts are now predicting continued hot weather. Whatever the reason, we’ll take it!

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