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Tomorrow, the futures price will be different.
Now, you see that the futures price is going up.
And then there's a derivative market that has a futures price or a forward price.
How can it be that the futures price in 2015 is lower than the price today?
The Henry Hub futures curve always demonstrates seasonality, where winter futures price higher than summer futures.
So, the futures price has to be greater than the spot price.
And the futures price equals the spot price on the expiration date.
But you can see that this futures price, this is essentially the spot price.
It shows that normally the futures price is above the spot price.
Still, that fall and winter had the second-highest average home heating futures price since 1989.
The futures price of a barrel of oil in New York rose to $51.55 from $50.33.
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CEO of Professional Science Editing for Scientists @ prosciediting.com