NYMEX gas futures jump but downside risk remains in weather, storage outlook
November 15, 2023 Comments Off
NYMEX Henry Hub gas futures jumped Nov. 13 from a monthly low as cooler weather is expected to return in weeks ahead, but bearish sentiment is holding prices down farther along the futures curve. The prompt-month contract rose as much as 18-19 cents to $3.21/MMBtu during morning trading before easing back to settle at $3.19/MMBtu in the afternoon, intraday trading…
NYMEX gas futures jump but downside risk remains in weather, storage outlook
NYMEX Henry Hub gas futures jumped Nov. 13 from a monthly low as cooler weather is expected to return in weeks ahead, but bearish sentiment is holding prices down farther along the futures curve. The prompt-month contract rose as much as 18-19 cents to $3.21/MMBtu during morning trading before easing back to settle at $3.19/MMBtu in the afternoon, intraday trading…
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