Basis contracts mixed, Northeast market most volatile, Midwest winter prices level

摘要

Natural gas financial basis swaps over the last week were largely mixed as uncertainty surrounded the availability of supply in Northeast premium markets due to project completions and in-service dates heading into the winter season, while changing flow dynamics in the Upper Midwest market are keeping winter prices level for the time being. After breaking through the $3.00/MMBtu level for the first time since May 2015 on September 20, NYMEX October moved up 1 cent to settle at $3.057/MMBtu on September 21 ahead of the US Energy Information Administration weekly natural gas storage report.