Below-average temperatures are forecast across the United States in February at a time when the country’s gas stocks will be depleted – a particularly bullish signal for Henry Hub prices. A cold February will also increase volatility in exchange-traded and regional gas prices in the US and Canada.
January has so far been mild in the US, which has weighed on Henry Hub prices. However, cold weather is expected to return towards the end of the month and continue during February. The country’s Total Degree Days...
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