Nat Gas Sets Single Day Record

January 31, 2022

Thursday, January 27, will go down in history as the day the CME NYMEX prompt closed up $6.37/mmbtu, up 46% from the previous day. The gain was as high as 72% earlier in the day. However, the benchmark then proceeded to fall back below $5.00/mmbtu on Friday, January 28. The annualized volatility rate for natural gas futures, calculated from daily historical closing prices, hit 178% as the week ended.