Front-month natural gas forwards finished higher at most Lower 48 hubs during the Nov. 8-15 trading period, though bearish price action farther along the strip suggested a market incrementally less convinced of winter upside, according to NGI’s Forward Look.

Fixed prices at Henry Hub picked up 5.1 cents for December delivery to end the period at $3.195/MMBtu. January and February, meanwhile, shed 10.1 cents and 10.7 cents, respectively.

The national benchmark set the trend for numerous Lower 48 hubs that saw fixed price gains for December, countered by discounts for subsequent winter contracts.

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