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US Henry Hub Extends Decline With Wider Market Sell Off

NATGAS

US front month Henry Hub extends the decline to lose most of the gains seen last week following a wider market sell off with recessionary concerns ahead of the possible rate hike by the US Fed tomorrow.

  • Prices were already trading lower with cold weather on the west coast expected to ease and with high production levels and slightly lower LNG export flows.
  • Front month is approaching the level around 2.22$/mmbtu from the start of last week but still above the recent low of 2.11$/mmbtu from 26 April.
  • US Natgas JUN 23 down -3.6% at 2.23$/mmbtu

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