Forward and futures markets
The Henry Hub front-month futures price is set to rise during the next few months from forecasts of a cold winter.
The US TDD figure is forecast to average 782F during the upcoming winter compared with 708F during last winter. The US gas glut is weighing on the front-month price, but the contract will receive support when the gas withdrawal season begins later in November and if the forecast for cold weather materialises in December. The price is expected to receive a further boost in the second half of the winter, when supplies are typically tight in US regional markets.
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