JJETF - What's The Warm Winter Doing To Natural Gas Prices?
2024-03-06 09:20:00 ET
Summary
- Between January and February, natural gas prices declined by $1.732 per thousand cubic feet amidst decreased demand in the U.S. and Europe.
- Seasonally warm weather, along with global unrest, have contributed to one of the quickest declines on record, with prices sinking to their lowest levels in nearly three decades.
- As the impact of warmer weather on natural gas supply and demand continues to unfold, there may be opportunities to leverage the Natural Gas futures product suite to take advantage of both direction and volatility.
Originally posted on March 05, 2024
By Scott Bauer
At A Glance:
- Between January and February, natural gas prices declined by $1.732 per thousand cubic feet amidst decreased demand in the U.S. and Europe.
- Average daily volume in Natural Gas futures and options spiked to all-time highs, with the CVOL Index indicating an equal bias around potential price increases or decreases.