Natural Gas Price OutlookNatural gas prices have fallen over the past month despite a short-lived harsh cold snap which saw U.S demand briefly spike, rising to a near record-high in the residential and commercial sectors. On 8 February, the Henry Hub Natural Gas price was USD 2.58 per one million British thermal units (MMBtu). The price was 12.9% lower than on the same day in the previous month and was down 12.1% on a year-to-date basis. In addition, the price was 4.2% lower than on the corresponding day in 2018. Prices have been extremely volatile in recent weeks. In early January, prices surged on forecasts of cold temperatures sweeping the U.S., with investors wagering that this would cause natural gas demand for heating purposes to surge. However, prices have declined sharply since the middle of January despite the extreme cold weather, driven by projections of an abrupt end to the cold spell and warmer temperatures going forward, which is expected to dampen natural gas demand. As a result, by early February natural gas prices had more than erased the gains made in the first half of January, and had fallen to the lowest level in almost one year.
Natural Gas Price History Data (USD per MMBtu, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Natural Gas Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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