November Bidweek Prices Soar Amid Vigorous Futures Rally

摘要

November bidweek prices surged from prior-month levels,driven largely by an autumn short-covering rally on the Nymex gas futures contract that gained 29.7c per million Btu in its final two sessions.As a result,the benchmark Henry Hub monthly average came in at $2.6o/MMBtu-up 17c from October-setting the stage for a similar advance throughout the Gulf Coast markets into the $2.40s and $2.50s.The effect was even more pronounced in the Midcontinent,where delivered-to-pipeline points regained $2 handles.