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Permalink Reply by sesport on October 8, 2009 at 12:15

My guess, rush to buy before the down turn of gas in storage????

http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html

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Permalink Reply by Mac Davis on October 8, 2009 at 13:00

Well, the spot and the November future price "have to" converge by November 9. Maybe some suppliers decided not to sell for that much under the futures price.

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Permalink Reply by Les Bamburg on October 9, 2009 at 15:03

Mac, there is not much relationship between Henry Hub spot cash price and NYMEX futures as they represent entirely different time periods. Today's spot price is for 10/9/09 cash price only while NYMEX is for the month of November.

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Permalink Reply by Les Bamburg on October 9, 2009 at 15:07

David, the spot natural gas price does not really mean much in relation to the natural gas market as it is very limited in scope and volume. First of the month bid week natural gas prices are more of a true market indicator.

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