Coming Storms, Cold Snap Prompts NatGas to Close Higher, Now Over $3

January 10, 2024January 10, 2024

Yes, we've noticed. The Henry Hub NYMEX futures price for natural gas soared yesterday. It has been on an upward trend for the last six trading days in a row. Yesterday, the NYMEX price jumped $0.21 (6.6%) to close at $3.19 per MMBtu. Spot (physical) prices have also moved higher. What's causing it? And will the futures price now stay above $3?

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