Markets

Morning Natural Gas Market Report 10/26

December natural gas prices grinded lower during the overnight and initial morning hours. Some of the early weakness could be coming from six to 10 day weather maps that turn warmer into November 8th, which could reduce heat-related demand for natural gas. December natural gas had a negative reaction to yesterday's EIA storage report that showed an inline weekly injection of 67 bcf. Total storage stands at 3,843 bcf or 7.0% above the 5 year average. Over the last four weeks natural gas storage has increased 267 bcf.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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