U.S. Natural gas prices had rebounded by nearly 4% as of midday Wednesday after five consecutive days of sell-off when it became clear that predictions of a supply squeeze were wrong. Henry Hub natural gas futures were trading at $4.145 at 1.38 p.m. EST, up nearly 4% on the day, after gaining as much as 5% earlier in the day.
For the five days prior, Henry Hub natural gas futures had been trading below $4 and had lost one-quarter of their value. Now, prices will be waiting on Thursday’s weekly gas storage data from the Energy…U.S. Natural Gas Prices Rise 4% After Huge Selloff
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