Henry Hub futures, cash markets rally as weather forecasts fuel bullish outlook

摘要

Prompt futures prices at the Henry Hub rallied in Feb. 1 trading as nearterm weather forecasts turned bullish, predicting significantly colder temperatures over the next month than previously anticipated. At mid-session, the NYMEX March contract was up nearly 30 cents, or about 10%, to the mid-$2.80s/MMBtu. In the cash market, Henry Hub gas prices also moved sharply higher, rising almost 20 cents to $2.86/MMBtu, data from CME Group and Intercontinental Exchange showed.