The cash-market spread from Waha to the benchmark Henry Hub is at its narrowest this month since May as the two locations face opposing market forces that could endure into the New Year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In December, spot supply at Waha has traded at an average $2.39, just 19 cents below Henry Hub’s own month-to-date average at $2.58/MMBtu, S&P Global Platts data showed. In Dec. 8 trading, the cash spread on the Intercontinental Exchange narrowed from the prior day’s settlement to around 22 cents. The tightening spread from Waha to Henry Hub comes as easing West Texas production lifts Waha’s cash market, just as growing supply length in the broader US market puts […]