Global Markets

Unseasonal cold supports US gas prices

Forecast cold weather for the western half of the US over the coming week will support regional gas prices Forecast cold weather for the western half of the US over the coming week will support regional gas prices.
By Abhishek Kumar 10 May 2017 0 25855

Below-average temperatures in parts of the United States will continue to support regional gas prices over the coming week. Weaker gas stock levels in the US compared with last year will also remain a concern as summer approaches, despite improving storage injection rates. This in turn will be a bullish factor for Henry Hub prices.

Forecasts suggest a 55% chance of below-average temperatures in the western half of the US in the next 8-14 days. Southwestern parts of the country are being particularly affected by the...