Why Henry Hub Natural Gas Futures moves
Henry Hub Natural Gas Futures, traded on NYMEX, rose without company news.
Written after the close on ·
Why today
22,789 news analyzed todayHenry Hub Natural Gas Futures, traded on NYMEX, rose without company news.
Over the same day the S&P 500 rose slightly too, so the move was in line with the broader market.
Over the last five trading days, natural gas rose slightly while the S&P 500 fell sharply, so it held up better than stocks.
Gas prices in Europe fell sharply on Friday, which likely weighed on sentiment, though U.S. gas storage sits above its five-year average and that tends to cap prices.
The price is well below its highest close of the past year and well above its lowest.
Today's move of +1.90% was 1.1 times a normal day's 1.8%. S&P 500 moved +0.31% on the same day.
Henry Hub Natural Gas Futures +1.90%S&P 500 +0.31%Much stronger than the market
$10,000 in Henry Hub Natural Gas Futures bought on November 7, 2016 is worth $10,600 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Henry Hub Natural Gas Futures be worth today? →
What would $10,000 in Henry Hub Natural Gas Futures be worth today?
$10,600
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $5,260 (June 25, 2020).
The five biggest days of the journey
· −47.5% · the whole market fell 0.1% the same day
· +46.5% · the whole market fell 0.5% the same day
· +28.9% · the whole market rose 0.5% the same day
· −26.0% · the whole market rose 2.4% the same day
· +25.9% · the whole market fell 2.1% the same day
Earlier days
+3.62% market −2.70% Henry Hub Natural Gas Futures, the U.S. benchmark natural gas contract traded on NYMEX, rose slightly over the trading week while the S&P 500 fell sharply, so it moved against the market. Read →
Henry Hub Natural Gas Futures, the U.S. benchmark natural gas contract traded on NYMEX, rose slightly over the trading week while the S&P 500 fell sharply, so it moved against the market.
The move was ordinary in size for this contract.
Likely drivers were U.S. gas storage sitting above its five-year average, and LNG (liquefied natural gas, chilled gas shipped by sea) export demand pulling supply out of the U.S. market, which supports prices.
Weak regional demand in the Northeast kept some local prices low.
−0.37% market −4.41% Henry Hub Natural Gas Futures, traded on NYMEX, held steady. Read →
Henry Hub Natural Gas Futures, traded on NYMEX, held steady.
Over the same day the S&P 500 fell very sharply, so it moved far less than the market.
Its move was an ordinary size, and trading was lighter than usual.
Canadian imports fell as demand dropped, keeping northeast US gas prices low.
Europe's gas prices, meanwhile, rose to their highest since 2022.
+9.77% market −0.56% Henry Hub Natural Gas Futures, a US natural gas price contract traded on NYMEX, rose clearly over the week, against a slight fall in the S&P 500. Read →
Henry Hub Natural Gas Futures, a US natural gas price contract traded on NYMEX, rose clearly over the week, against a slight fall in the S&P 500.
The move was big for this contract, about twice a normal five-day swing.
Some of the rise likely reflects warm weather that held down heating demand, which weighed on prices earlier in the week.
+4.45% market +0.34% Henry Hub Natural Gas Futures rose sharply. Read →
Henry Hub Natural Gas Futures rose sharply.
The S&P 500 rose only slightly, so the gas move was clearly bigger than the market's.
The news from that session points to tight supply and higher prices.
Cooler weather forecasts and restored LNG (liquefied natural gas, chilled gas shipped by sea) shipments likely lifted demand expectations.
Europe's gas price also hit its highest level since 2022, which likely pulled interest toward U.S. export supply.