NYMEX Price Took Another Beating Friday, Closed at $2.52/MMBtu

Just one week ago, the price of natural gas, both the futures price and spot (physical) price, jumped --- in some cases by four times in the space of just a couple of days (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). And just as quickly as the price went high, it crashed again (see NatGas Prices Make Huge Drop on Prospect of Warmer Weather). Since then, the price action has been in the "wrong" (i.e., down) direction. Last week was a short week with the MLK Jr. holiday on Monday. Even so, the abbreviated week saw two weeks of gains wiped out, as the front-month NYMEX natural gas price for February delivery finished down -24% to $2.519/MMBtu, the largest one-week percentage decline since December 2021! However, there was some good news here in the M-U...

---

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