The price of natural gas changed direction and slipped during the previous week. The EIA didn’t publish its weekly update on the changes in supply, demand and storage changes, which may have contributed to the little movement of the price of the Henry Hub. Since the U.S government shutdown has ended last week, the EIA is likely to publish its weekly report next week.
Here is a short review of the latest changes in natural gas market for the week ending on October 18th 2013:
Natural Gas Market – October Recap
The Nymex Henry Hub Future (short term delivery) slightly declined by 0.32% and reached by Friday $3.76/mmbtu; its average daily change was -0.06%; its weekly average rate was 2.04% above last week’s average price.
The difference between the NG future and spot prices – future minus spot – was mostly in Backwardation during last week.
Natural Gas Charts
The following charts present the changes in Nat-gas future (Nymex Henry Hub) in $/mmbtu during October 14-18.
In the second chart are the daily percent changes of the Nymex Henry Hub future (short term delivery).