NG prices renewed their downward trend and sharply declined during last week, mainly during the first half of last week. The late arrival of winter in the U.S. may have been among the contributing factors for the sharp drop in NG prices.
Henry Hub Future (short term delivery) sharply dropped during last week by 3.81% and reached on Friday $3.13/mmbtu; its average daily change was -1.13%, and its weekly average price was 7.11% below the previous week's average price.
NG spot (Henry Hub) also sharply declined by 3.19% during the week, but its average price was 9.25% below last week's average price.
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