CNBC Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the week. The commodity is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019. Excess
Natural gas gives up gains on unseasonably warm weather and inventory build Natural gas prices continued to decline today following news that more gas went into storage this week, expanding the market glut. The Energy Information Administration reported that natural gas stockpiles increased 73 Bcf in the week ended October 21, 2016, exactly in-line with economist expectations. The price of
Discount to Henry Hub has Narrowed The spread between natural gas prices at Henry Hub and pricing in the hubs around the Marcellus has been indicative of the supply glut and the status of infrastructure in the area. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica
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