Natural gas prices: Will Henry Hub hold $4 after Friday’s 11% jump?
U.S. natural gas futures surged 11% Friday, with the March Henry Hub contract closing at $4.354 per mmBtu on NYMEX. Freeport LNG output rebounded to 1.8 bcfd after a compressor issue, while analysts expect a 352 bcf storage withdrawal for the week ending Jan. 30. U.S. inventories could fall 0.8% below the five-year average. Trading resumes Sunday at 6 p.m. EST.