Happy Friday
And what a week. The NYMEX February front month closed down 34 cents (-8%) to $3.92 US/mm. Remember that this contract rallied up to $4.32 yesterday afternoon and that this is the 7th or 8th larger than 5% move this month. I lost count. And Trump has not been sworn in yet.
Next Monday is the Martin Luther King Jr holiday in the US. I believe trading will be open overnight starting on Sunday night but do not expect any kind of liquidity nor any real prices for gas on Monday. It will just be too thinly traded to get a good offer. Also, Trump will be inaugurated, and the Tariff Watch waiting game begins. Oh, and I forgot to mention that it will be the coldest day of the winter so far on Monday. Perhaps freeze-offs that reduce supply. So get some rest this weekend because next week will be interesting.