NYMEX Futures Price Closes 3 Pennies Short of $9/MMBtu

|
We are on the cusp of seeing the NYMEX Henry Hub futures price close above $9/MMBtu. Yesterday it closed at $8.97/MMBtu. Will today be the day it goes above $9? Probably. The price hit $9.40 during intraday trading yesterday but slid back down the hill just a bit before the closing bell. We are now at 14-year highs for the NYMEX price of gas. We're still nowhere near the all-time high of close to $15.78 hit in December 2005. The scary thought is that we may well exceed the old record at some point in the next six months (see Investment Firm Predicts U.S. NatGas Crisis Coming in 2022). Here's an update on yesterday's surge in the NYMEX...

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