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Henry Hub gas price slated to up: But futures market still shows a wide price range
Aug 28:
In July, the average Henry Hub natural gas spot price was $2.98/mmbtu, about the same as in June.
8Based on higher natural gas exports and growing domestic natural gas consumption, projections are that in 2018, the spot price will rise from an annual average of $3.06/MMBtu in 2017 to $3.29/MMBtu.
8But volatility is possible.
8The projection notwithstanding, NYMEX contract values even for December 2017 delivery that traded during the five-day period ending August 3 suggest a range of $2.17/MMBtu to $4.48/MMBtu.
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8Based on higher natural gas exports and growing domestic natural gas consumption, projections are that in 2018, the spot price will rise from an annual average of $3.06/MMBtu in 2017 to $3.29/MMBtu.
8But volatility is possible.
8The projection notwithstanding, NYMEX contract values even for December 2017 delivery that traded during the five-day period ending August 3 suggest a range of $2.17/MMBtu to $4.48/MMBtu.
Click on Reports for more
