US Gas Price Rout Continues as Demand-Killing Warmth Extends Into 2019

摘要

A precipitous 24.30 fall pulled the newly minted February prompt month to a $3,303 per million Bru close Friday as one of the key props under the contract begins to buckle.February gas was down 44.70,or 12%,for the week.On Thursday,January gas futures gained 9.90 to expire at $3.642/MMBtu,pushing the Nymex three-day average to $3.55.The 17.50 two session gain heading into expiry contrast sharply with February’s debut on Friday and signals that an unusually warm early January could have an outsize impact on gas prices.