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Energy Markets 23 January 2026 - 28 January 2026

Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

New York, Jan 27, 2026, 13:52 EST — Regular session U.S. natural gas futures slipped Tuesday following a recent surge to multi-year peaks fueled by storm concerns. The February Henry Hub contract dropped 18.4 cents, or 2.7%, to $6.62 per million British thermal units in afternoon trading. With the contract set to expire Wednesday, even small changes in forecasts sparked sharp price moves.
Natural gas price drops after winter-storm spike as contract roll hits; UNG and EQT slip

Natural gas price drops after winter-storm spike as contract roll hits; UNG and EQT slip

New York, Jan 27, 2026, 10:43 — Regular session U.S. natural gas futures fell more than 5% on Tuesday, with the March Henry Hub contract down 20.9 cents at $3.689 per million British thermal units, a standard gas pricing unit. The contract has rolled to March, a shift that can make day-to-day moves look sharper than the underlying change in supply and demand.
Winter Storm Fern jolts U.S. power prices above $1,800 as PJM outages jump

Winter Storm Fern jolts U.S. power prices above $1,800 as PJM outages jump

Power plant outages spiked across the eastern U.S. Sunday, sending wholesale electricity prices soaring. PJM Interconnection responded by directing certain customers to reduce consumption as Winter Storm Fern boosted demand and tightened fuel availability. Price swings matter here because they strike utilities just as demand from homes and businesses peaks. Grid operators face the coldest part of the week with tighter margins for mistakes. In natural gas-reliant areas, pipeline bottlenecks and equipment failures can quickly turn a cold snap into a supply crunch.
26 January 2026
Natural gas just had its biggest weekly jump since 1990 — what Storm Fern means for prices next week

Natural gas just had its biggest weekly jump since 1990 — what Storm Fern means for prices next week

New York, Jan 24, 2026, 12:08 — Market closed. U.S. natural gas futures closed Friday at $5.275 per million British thermal units, marking the contract’s largest weekly jump on record since 1990. With the market closed over the weekend, traders are now debating how much of the surge was driven by weather fears and how much will be reflected in upcoming storage and production reports.
24 January 2026
Natural gas prices jump near $5.28 as Storm Fern looms — what traders watch next week

Natural gas prices jump near $5.28 as Storm Fern looms — what traders watch next week

New York, Jan 23, 2026, 17:09 — Trading continues after hours. U.S. natural gas futures closed higher on Friday, with the front-month contract settling at $5.275 per million British thermal units, up roughly 5% on the day, according to DTN data. Winter Storm Fern is forecast to bring heavy snow and freezing rain from the southern Rockies to New England through Monday. Energy Aspects projects the storm could reduce U.S. gas output by 86 billion cubic feet over the next two weeks.
24 January 2026
Oil prices bounce back as Trump’s Iran “armada” talk and Kazakhstan outage lift Brent, WTI

Oil prices bounce back as Trump’s Iran “armada” talk and Kazakhstan outage lift Brent, WTI

New York, Jan 23, 2026, 07:25 — Premarket Crude oil prices climbed Friday as U.S. President Donald Trump revived threats against Iran, sparking concerns over potential supply disruptions in the Middle East. Adding to the pressure, a production outage in Kazakhstan tightened the market further. Brent crude for March delivery jumped 76 cents, or 1.2%, to $64.82 a barrel by 1026 GMT. Meanwhile, U.S. West Texas Intermediate crude rose 75 cents, or 1.3%, reaching $60.11.
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Stock Market Today

  • Japan Moves to Defend Yen, Spends $74 Billion as Dollar Stays Strong
    July 1, 2026, 2:31 AM EDT. Japan logged nearly $74 billion in currency intervention as the yen sank to a 40-year low against the dollar. The country's latest move comes as the Bank of Japan raised rates to 1%, but that's still nowhere near U.S. levels, and the dollar keeps the upper hand. Traders say Tokyo's solo efforts face tough odds with the Fed sticking to higher rates. Some say a joint response with the U.S. might help, but the yen's latest slide is more about the rallying dollar than doubt in Japan itself. The popular carry trade-borrowing yen to chase returns in the U.S.-adds to the pressure.
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