NYMEX NatGas Price Jumps Another 27.3 Cents to $4.28/MMBtu

Yesterday, MDN noted the NYMEX "front month" futures price of natural gas had jumped 28.2 cents to close just above $4/MMBtu (see Wx Drives March NYMEX Price to Close at $4/MMBtu, Spot Price Higher). The price did it again. Yesterday, the NYMEX price for March delivery closed +6.8% to $4.280/MMBtu, a new 52-week high and the highest settlement value for the front-month contract since December 30, 2022. U.S. natural gas has surged 40% this month alone and 18% year-to-date.

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