Wintry Weather Boosts Demand

Natural Gas Weekly (11/20/2008)
"Wintry weather moved into major population centers in the Lower 48 States this report week, boosting demand related to space heating from the Midcontinent to the eastern half of the country. Prices increased throughout the country, with the biggest increases in the Midcontinent. During the report week, the Henry Hub spot price increased $0.11 per million Btu (MMBtu) to $6.76.

At the New York Mercantile Exchange (NYMEX), futures prices also increased for the report week as the second week of the heating season began. The futures contract for December delivery increased by 34 cents per MMBtu on the week to $6.74."

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