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    The price for US natural gas recovers after big slump

Summary

Henry Hub lost 7% in the previous session to move below $5.00/mn Btu.

by: Daniel Graeber

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Market News, News By Country, United States

The price for US natural gas recovers after big slump

The US benchmark for the price of natural gas moved higher on November 18 following a 7% decline in the previous session.

The December gas delivery contract at the Henry Hub was up by 1.7% as of 12:25 GMT to trade at $4.89/mn Btu. Markets are likely to swing on an inventory report later in the day from the US Energy Information Administration.

Henry Hub is posting a net gain so far this week.

The National Weather Service predicts high winds along with moderate to heavy rains for an already-soaked Pacific Northwest. On the East Coast, wintry weather is in store through the weekend while the Great Lakes states can expect a round of lake-effect snow.