Henry Hub Natural Gas in 2015
Henry Hub Natural Gas opened 2015 at $3.01 and closed at $2.28, a -24.25% move for the year. The high of $3.32 was reached on January 15, and the low of $1.63 on December 23.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $3.01 | $2.88 | $3.32 | $2.88 | -4.32% |
| Feb | $2.88 | $2.79 | $3.22 | $2.62 | -3.12% |
| Mar | $2.79 | $2.65 | $3.27 | $2.64 | -5.02% |
| Apr | $2.62 | $2.56 | $2.72 | $2.5 | -2.29% |
| May | $2.68 | $2.78 | $3.04 | $2.68 | +3.73% |
| Jun | $2.78 | $2.8 | $2.94 | $2.6 | +0.72% |
| Jul | $2.78 | $2.76 | $2.93 | $2.7 | -0.72% |
| Aug | $2.76 | $2.7 | $2.93 | $2.65 | -2.17% |
| Sep | $2.7 | $2.47 | $2.74 | $2.47 | -8.52% |
| Oct | $2.37 | $1.98 | $2.54 | $1.98 | -16.46% |
| Nov | $1.92 | $2.11 | $2.19 | $1.92 | +9.90% |
| Dec | $2.11 | $2.28 | $2.39 | $1.63 | +8.06% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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