Henry Hub rallies after two straight losses
The January gas delivery contract at the US Henry Hub went higher in early trading on December 15, after two days of consecutive losses.
The contract was up 2.3% as of 12:25 GMT to trade at $3.83/mn Btu. The contract lost 4.5% during the first two trading days of the week.
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The National Weather Service forecasts heavy snow for higher elevations in the Pacific Northwest, though parts of the Mississippi and Ohio river valleys are expecting temperatures well above average.
Gusty winds and rains are expected from the Central Plains into the Great Lakes region, with isolated pockets of freezing rain possible. Some of the wind hazards are similar to last week, when a devastating tornado left nearly a hundred people dead in Kentucky.
The federal government on December 16, meanwhile, issues data on natural gas inventories. A mild winter so far for the United States has suppressed demand for natural gas, keeping Henry Hub well below October highs above $6/mn Btu.