Henry Hub moderates after 6.9% rally
The December gas delivery contract at the US Henry Hub was trending lower early in the November 3 trading day following a 6.9% rally in the previous session.
The contract was down some 0.6% as of 10:21 GMT to trade at $5:51/mn Btu. The contract finished the previous day up 6.9% to close at $5.52/mn Btu.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
The contract could see some volatility in future sessions as winter weather descends on much of the continental United States. The National Weather Services shows freeze and other cold-weather related warnings extending from Nebraska on east toward the Virginias.
US data on commercial injections into storage are out later this week. Data for the week ending October 22 showed working gas storage levels were within the five-year historical range.