Early cold props Northeast, Midwest; West drops amid strengthening NYMEX

摘要

Basis trades across the US varied broadly this week, with markets in the Northeast and Midwest storage regions gaining ground as a result of an early burst of winter cold across major US consuming regions.rnHowever, Western and Chicago markets dropped sharply on a variety of factors, counterbalancing the November NYMEX gas futures contract's 34.8-cent gain on Tuesday and Wednesday.