Prices retreat as short Arctic blast moves on; January demand at year-ago levels

摘要

Northeast natural gas prices dropped Thursday as demand is expectedto retreat by over 4 Bcf/d Friday as temperatures warm following thedeep freeze that blanketed the region.Some Northeast prices lost half of their value in trading Thursday,with Texas Eastern M-3 pricing at $4.035/MMBtu, down $4.23 fromWednesday.