Supply & Demand

Further upside to Henry Hub despite mild weather

Henry Hub prices could increase during June because of storage concerns, even though mild weather has been forecast across the US Henry Hub prices could increase during June because of storage concerns, even though mild weather has been forecast across the US.
By Abhishek Kumar 31 May 2017 0 26158

Front-month futures and spot prices at the Henry Hub have come under pressure because of a forecast for mild weather over the coming week. However, prices are trading higher on an annual basis and have the potential to gain further strength in June as gas stocks in the United States are low year on year.

Forecasts suggest a 46% chance of below-average temperatures in the eastern half of the US during the next 6-10 days. However, there is a 45% chance of warmer-than-average temperatures in the...