NYMEX gas futures jump but downside risk remains in weather, storage outlook

NYMEX Henry Hub gas futures jumped Nov. 13 from a monthly low as cooler weather is expected to return in weeks ahead, but bearish sentiment is holding prices down farther along the futures curve. The prompt-month contract rose as much as 18-19 cents to $3.21/MMBtu during morning trading before easing back to settle at $3.19/MMBtu in the afternoon, intraday trading… NYMEX Henry Hub gas futures jumped Nov. 13 from a monthly low as cooler weather is expected to return in weeks ahead, but bearish sentiment is holding prices down farther along the futures curve. The prompt-month contract rose as much as 18-19 cents to $3.21/MMBtu during morning trading before easing back to settle at $3.19/MMBtu in the afternoon, intraday trading… Read More