NYMEX HH Price Crashes Again, Closes Below $3 First Time 20 Mos.

It's brutal out there--with respect to the price of the NYMEX Henry Hub futures price. Yesterday the HH dropped below, and stayed below, $3/MMBtu. The price "settled" at $2.94, down 12 cents (4%) for the day. That is the lowest settlement price for the HH in 20 months--since May 2021. Not even the good news that Freeport LNG received permission from FERC to begin some restart operations (see our companion story today) was enough to lift the price. So why did the price crash further yesterday?

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