Highlights Gas production gains; mild start to heating season Storage deficit to five-year average narrowing NYMEX Henry Hub repeatedly fell below the $5/MMBtu mark in recent trading, with analysts attributing the decline to a mild start to the heating season, more gas in storage, and the US benchmark’s increased exposure to global markets. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The prompt-month contract has largely remained in the $5.50-$6.00/MMBtu range since mid-September; however, it settled in the $4.70-$5.10/MMBtu range in four of the five last trading sessions. Most recently, NYMEX December settled at $5.02/MMBtu on Nov. 15, according to CME Group data. The contract moved in a wide intraday range of $4.71-$5.02/MMBtu, testing both directions from its prior-day settlement of $4.79/MMBtu. Fundamentals “We had the price run-up in anticipation of below-average storage and tight winter conditions, but now we are getting to […]