NYMEX NatGas Price Hits 52-Week High of $3.43/MMBtu

We don't begin to get excited about the price of natural gas unless and until it's above $3/MMBtu and it stays there for a while. We're there. Yesterday, the "front month" contract for NYMEX Henry Hub natural gas closed up 6.2 cents (1.8%) at $3.43/MMBtu. Over the past two days, the price closed up 30.2 cents (9.65%). Yesterday's closing price was a 52-week high. Finally. Why the dramatic increase? Weather.

---

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