Algonquin Citygate February News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook
With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to
Smaller losses of around a nickel were seen for next summer and the winter 2021-2022 strip at the majority of pricing hubs, however, Northeast points continued to register steep losses that far out the curve.
Henry Hub futures were especially volatile, because of both big changes on the weather front and the typical volatility that accompanies the expiration of a Nymex contract. The January futures contract rolled off the board at $2.467 after trading to an intraday high of $2.632 on Christmas Eve. ....

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