Ghdds

Jittery Natural Gas Forward Prices Plunge; Outlooks Indicate Warmer Temps Ahead

Jittery Natural Gas Forward Prices Plunge; Outlooks Indicate Warmer Temps Ahead

A jittery natural gas market plagued by a historic storage deficit that has only worsened before the peak of the winter season got some good news on the weather front as outlooks showed warmer temperatures beginning next week, a trend that could last for the next several weeks. January forward prices plunged an average 41 cents from Nov. 29-Dec. 5, while the balance of winter (February-March) dropped an average 31 cents, according to NGI’s Forward Look.

December 7, 2018