Natural gas price snaps back above $3 as Henry Hub traders weigh storage glut and late-January cold
February Henry Hub natural gas futures rose 1.4% to $3.171 per mmBtu in early Friday trading, rebounding from multi-year lows. U.S. gas storage stood at 3,185 Bcf as of Jan. 9, 106 Bcf above the five-year average. The EIA reported 33 LNG vessels departed U.S. ports last week. NOAA forecasts colder weather for the northern Great Lakes and Minnesota from Jan. 21–25.