Weather Causes Short-Term Rise in NatGas Price – HH Heads for $5

January 13, 2022January 13, 2022

Did you catch the huge spike in the NYMEX Henry Hub futures price yesterday? Day over day, the February NYMEX contract price increased by $0.61 to close at $4.86/MMBtu--up 12.52% in a single day. Similarly, the March NYMEX futures contract jumped by $0.36 cents to close at $4.33. Why the big gains? In a single word: weather.

To view this content, log into your member account. (Not a member? Join Today!)