NYMEX NatGas Price Closes Jan. Up 30% – Biggest Gain Since Sep. ’21

Last Thursday the NYMEX Henry Hub futures contract for natural gas went on a wild ride, closing up $1.99 (46%) from the previous day (see NatGas NYMEX Futures Price Spikes 72% – Most EVER in Single Day). During the day last Thursday, the price spiked up 72% at one point--the biggest such gain since the contract began trading in 1990! On Friday the price crashed again. Bummer. However, if you look at the price of the NYMEX HH front month contract coming into January, and then again exiting January (yesterday), the price rose $1.14/MMBtu during the month, up 30.67%. That's big.

---

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