The markets must be having a catch up day rising on average $0.51USD/Mmbtu through the curve to October 2023. The main reasons are early indications of a colder than normal winter across North America. With the lack of storage inventory combined with increased international demand the markets are reacting accordingly. In one of our previous posts, we noted the the Nymex will climb to $10.00 USD/Mmbtu before the winter of 2022/2023. We are about $0.60 USD/MMbtu away from that target today. (RS)

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