NYMEX HH Natural Gas Price Flies by $8/MMBtu, Closes @ $7.82

New modern era records continue to be broken. The Henry Hub "front month" NYMEX futures price for natural gas briefly traded over $8/MMBtu yesterday before closing at $7.82/MMBtu (up $0.52 for the day). It certainly looks as if soon, possibly today, the NYMEX price will fly by and close at a price higher than $8/MMBtu. The rapid rise in price, now closing in on the highest in 14 years, is really quite breathtaking. However, some analysts are warning of a correction.

---

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