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Nymex March natural gas spiked to $5.501 per mmBtu in a short squeeze after the historic February contract expiration. The contract then lost 92.9 cents over two sessions, falling into the $4.50s.
Traders are weighing whether winter's end is near.
The price swings reflect positioning and expiration effects more than a new change in supply or demand. Feed buyers should treat the moves as routine volatility unless fundamentals shift.
energyintel.comAuthors Tom Haywood, Houston Everett Wheeler, Washington Editor Mark DavidsonFeb 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
