Aside from further discounts at Western Lower 48 hubs, natural gas forwards generally gained ground during the Dec. 14-20 trading period as the prospect of chillier conditions arriving in early 2024 lent support to prices.

Fixed prices for January and February delivery rallied week/week at Henry Hub. The January contract at the national benchmark exited the period at $2.452/MMBtu, up 11.0 cents, NGI’s Forward Look data show.

Numerous Lower 48 hubs similarly saw modest fixed price gains for January and February.

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