M-U Spot Price of NatGas Comes Within $0.25 of Henry Hub

We've noticed something that, in our opinion, is very unusual. In reviewing the most recent NYMEX natural gas futures prices and comparing spot (physical) prices at various trading hubs in the northeast, we discovered that over the past week, the spot price in the Marcellus/Utica has risen by roughly $1.00 per MMBtu. Current spot prices in the M-U are now within 25 cents of the Henry Hub spot price, the "benchmark" for all natural gas prices nationwide.

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