NG update

Post Reply
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

NG update

Post by Fraser921 »

https://boereport.com/2023/10/23/us-natgas-prices-hold-near-3-week-low-on-record-output-mild-weather/

Interesting fact..

One bearish factor that has weighed on the futures market for most of this year has been lower spot or next-day prices at the Henry Hub benchmark in Louisiana. The spot market has traded below front-month futures for 167 out of 202 trading days so far this year, according to data from financial firm LSEG.

Next-day prices at the Henry Hub were down about 8% to around $2.60 per mmBtu for Monday.

Analysts have noted that so long as spot prices remain far enough below front-month futures to cover margin and storage costs, traders should be able to lock in arbitrage profits by buying spot gas, storing it and selling a futures contract.
Post Reply