Cash and futures markets went on a wild ride last week,with bulls ultimately coming out on top as the October Nymex closed 9.1c higher than the prior Friday at $2,139 per million Btu and Henry Hub cash up 28c to average $1.90.But amid the spectacular daily soaring and diving emerged perhaps the most telling story: the huge premium winter now holds over autumn.November,the first winter futures contract,on Friday was sporting a 66.8c premium to October,which is set to roll off the board Monday.December and January were a remarkable $1,138 and $l.259/MMBtu higher,respectively,than the prompt month.
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