Blizzard, plunging temps spark natural gas spike

Jan. 04, 2018 4:08 PM ETUNG, UNL, DCNG, BOIL, KOLD, UGAZF, DGAZ, GAZBy: Stephen Alpher, SA News Editor94 Comments
  • To look at the futures market, things will be warming up soon - natural gas is down 4.5% on the session to $2.872. The spot market, however, is a far different story, with prices today in New York hitting 60x that amount, or a record $175 per million BTUs.
  • Other major trading hubs in the northeast saw similar spikes.
  • At issue isn't a lack of gas, but instead a lack of pipeline capacity to move product into the major population centers of the Northeast.
  • ETFs: UNG, UGAZ, DGAZ, BOIL, KOLD, UNL, DCNG, GAZB

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