Wednesday, November 10, 2010

An August Story But Still Relevant

Natural-Gas Futures Premium Is at Narrowest in Seven Years: Energy Markets - Bloomberg: "January futures, covering the period when North American heating demand typically peaks, were 69.6 cents higher today than gas for September delivery. That compares with an average spread of $1.58 over the past 10 years. The difference is the narrowest for the day since the summer of 2003, when stockpiles indicated ample winter inventories."