U.S. Natural Gas Futures Give Back Gains in Volatile Trade -- Market Talk
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It is expected that the East Coast of the USA will be colder than usual in January, and USA Henry Hub Natural Gas prices surged by 20% at one point.
Henry Hub Natural Gas Futures prices surged on Monday, reaching a new high for the past 52 weeks, following reports that temperatures in the USA will be colder than usual in January. In February, Natural Gas Futures rose by about 15% during the Trade, after the latest outlook released on Sunday by the Weather Co. and Atmospheric G2 indicated that temperatures in the eastern region are expected to be below average next month, particularly from Florida to Maine and certain areas of the Great Lakes. However, the report stated that temperatures in the western region are also expected to be below average.
U.S. Natural Gas Futures Soar on Coming Cold Blast -- Market Talk
Cold weather exceeded expectations, USA Henry Hub Natural Gas Futures surged over 20% during trading, is inflation cooling down in jeopardy again?
On Monday during Regular Trading Hours, the NYMEX Henry Hub Natural Gas Futures February contract saw its intraday increase expand to 21%, reporting at $4.094 per million British thermal units. This is the largest increase for this contract since it began trading in 2012. Analysis suggests that higher natural gas prices may have macroeconomic implications, which could drive up inflation rates, while severe cold may also suppress Consumer spending in the USA.
Europe Set for Colder January With Less Wind and Higher Gas Use
102875548 : Good move on EU. But trump will think MAGA and only look at monies.
If it makes tons of cash to US economy, why not? Somehow, i think it is too little, too late.
MMMMAAAGGGAAA.
Wilee_One : It makes sense to discuss it, but being on the receiving end of a pipeline vs a ship-based logistical/security nightmare might not provide enough bang for the buck. Choking off Russian sales won’t help a lick, if other countries/regions (namely China) jump in to buy cheap energy.