• Natural Gas News

    Henry Hub dips after major rally

Summary

The US benchmark for the price of natural gas jumped 11% in the previous session.

by: Daniel Graeber

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Market News, News By Country, United States

Henry Hub dips after major rally

The November gas supply contract at the US Henry Hub cooled off October 26, after rising 11% the previous day amid forecasts of an early cold snap.

The contract was trading down some 0.4% as of 11:05 GMT at $6.03/mn Btu.

A dip was expected in the aftermath of reports of a warmer-than-expected winter for much of the US, but that changed with the development of a La Nina pattern that could mean just the opposite for parts of the south. The US south, as well as large parts of the regional energy sector, were idled by a deep freeze in February dubbed Winter Storm Uri.

Henry Hub rallied some 8% during the month of the storm.