It is the first day of Spring, let us talk natural gas!
Back in November, a cold and early start to winter 2018-2019, augmented by a massive storage deficit, rallied prompt month natural gas prices to around $4.90 per MMBtu, the highest prices we have seen since 2014. A warm December pulled prices back down again to the low-$2.90s right after Christmas, and we rose to $3.60 in January before dropping back down to $2.80 to close the month.
Indeed, right until February hit, it had been the most volatile U.S. gas market in a decade.
