While everybody is focused on oil, natural gas prices are moving in a very different direction.
Up.
As of this afternoon, natural gas prices at Henry Hub stood at
$4.15 per 1,000 cubic feet (or million BTUs). Since last Thursday, the
price of natural gas has jumped by 13.7%.
Located in Erath, Louisiana, Henry Hub serves as the official
delivery location for futures contracts on the NYMEX. It serves the
same function that Cushing, OK does for crude.
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