Natural Gas Prices in “Freefall” with Warm Weather, LNG Delay

The front-month NYMEX futures contract (based on the price of gas trading at the Henry Hub) dropped like a rock yesterday--down 70 cents (-12.6%) to $5.58/MMBtu. The price has dropped for the past four trading days in a row. Some say it's free fallin'. In total, the price has lost $1.66 (-22.9%) over the last four sessions. NYMEX trading during the day yesterday hit its lowest point since March of this year. Why? Mainly a warm short-term weather forecast, coupled with the continuing outage at the Freeport LNG export facility.

---

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