Black Friday Bonanza for Natural Gas Buyers
December 02, 2019
The Thanksgiving/Black Friday week is the time of year when retailers offer dramatic price reductions to entice shoppers. This year, the savings were extended to buyers of natural gas. Henry Hub NYMEX daily spot prices took their largest weekly tumble in a year as the benchmark dropped more than 12% after a bearish storage injection, record production and revised, warmer weather forecasts weighed in. Gas futures are nearly 40% lower than this time last year.