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Mild US weather weighs on Henry Hub prices

Henry Hub gas prices are expected to remain bearish at the start of February, but they will receive support as cold weather returns in the second half of the month Henry Hub gas prices are expected to remain bearish at the start of February, but they will receive support as cold weather returns in the second half of the month.
By Abhishek Kumar 1 February 2017 0 24449

Henry Hub front-month futures and spot prices have come under pressure as the latest weather forecasts predict a mild start to February 2017 in the United States. Nevertheless, the month as a whole is forecast to be colder than February 2016, which will support prices in the second half of the month.

Weather forecasts indicate a 45% chance of above-average temperatures in the US during the next 6-10 days and there is a 75% chance of mild weather in Louisiana, where the Henry Hub pricing point...