Americas Price trends
Forward and futures markets
Forecasts for cold weather to persist in April and for a hot summer will support the Henry Hub front-month futures price.
US gas stocks are severely depleted, and the country will struggle to fully replenish them during the 2018 gas injection season. Unfavourable weather during the season will also slow the pace of net injections. This, together with rising US gas consumption and higher exports, will be bullish for prices.
However, speculators will cap gains in the front-month price as they focus more on...