Natural gas prices (Henry Hub spot) changed direction again and sharply fell
during last week. During January natural gas spot price fell by 15.44% and the
future price (February delivery) by 16.39%. Here is a short recap for the
developments of natural gas price for the week ending on February 3rd, the first
week of February: Natural Gas Price January/February – Weekly Recap and
Analysis Natural gas price, the Nymex Henry Hub Future Price (short term
delivery) sharply fell during last week by 9.42% and reached on Friday $2.50
/mmbtu; its average daily change was -1.84%, and its weekly average price was
4.02% below the previous weeks average price. Natural gas price (Henry Hub spot)
also sharply decreased by 7.31% during the week, and its average price was 5.03%
below last weeks average price. The spread between the natural gas future and
spot prices, i.e. future price minus spot price (if the spot are higher than the
future its called Backwardation, if future is higher than its called Contango)
was mostly in
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