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Same Old Story for Natural Gas in New Year

January 04, 2021

The mid-January forecast from NOAA has below normal temps in ERCOT, but warm weather across traditional heating markets. NYMEX Henry Hub spot prices have struggled to find support as this chart for the first January day of trading illustrates. EIA reported a draw of 114 bcf from storage versus 161 one year ago.

Read More:

https://www.naturalgasintel.com/dissipating-cold-leads-to-sharp-decreases-for-weekly-natural-gas-cash-futures/

https://www.cpc.ncep.noaa.gov/products/predictions/814day/

 

9-10 Day OutlookHenry Hub Natural Gas Prices