NYMEX Price Last 3 Mos.
The price of natural gas, both the NYMEX Henry Hub futures price and the physical spot price at various locations across the country, is always a fascinating and key metric to keep an eye on. Why? Because higher prices have the power to drive more drilling, and conversely lower prices have the power to result in less drilling. At least in theory. Lately, the high price of natural gas has not given rise to floods of extra drilling as companies are pressured by investors to hold the line on new spending and instead pay down debt and boost dividends. But price remains important. Where is the price heading in the near term? Up, more or less. That's what we gather from traders and other experts who monitor these things.
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