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Yikes—What Happened to My December Invoice?
The months of November and December were a wild ride for prices. The bitter cold in November potentially raised consumption, while at the same time spot market prices soared on what turned out to be record or near-record cold the last part of the month. However, most have seen the biggest impact on their December invoice where a mass liquidation of New York Mercantile Exchange (NYMEX) natural gas futures contracts caused prices to spike.