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Spring’s Approach Trips Up Natural Gas Forward Prices

Natural Gas Intelligence · last updated

Natural gas forward prices fell during the March 20-26 trading period as the traditional start of spring brought into focus April’s seasonal offering of mild weather and maintenance outages.

Natural Gas Intelligence's (NGI) natural gas forward curve chart showing basis price forecasts for hubs key to the West Texas market.

April fixed prices for all North American hubs sank by an average 51.3 cents during the period, NGI’s Forward Look data show.

Biggest movers for April included several hubs in the Rockies. Cheyenne Hub fell $1.016/MMBtu to reach $2.172. Northwest Sumas moved down 97.5 cents to $1.447.

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