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The February Henry Hub natural gas contract jumped from about $4.85 to near $7.35/MMBtu in the final 30 minutes of trading and settled at $6.265. Analysts called it the biggest one-day price increase since the contract began in 1990.
The move was driven by a short squeeze on thin volume rather than new supply or demand news, but it reflects highly volatile gas pricing.
pipexch.comFeb 2, 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.
