NYMEX Futures Price Drops, Spot Prices Pop, Both Due to Weather

An interesting dichotomy we sometimes (but don't often) see: The NYMEX Henry Hub futures price is down (below $3/MMBtu) and heading lower, while spot prices (physical trading) of natural gas at various trading hubs around the country are going higher, especially in the Northeast. In both cases --- the futures price and the spot price --- the primary reason for moving down or up is the weather, which may seem contradictory. We will explain...

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