November natural gas prices danced between gains and losses during the initial morning hours as they reconciled conflicting US weather outlooks. The Henry Hub cash market remains near its highest level of the year, supported by a cooling trend across the US and high level of offline US nuclear capacity. Expectations for this morning's EIA storage report are for an injection of around 80 bcf, which is smaller than last year's injection of 108 bcf and the five year average injection of 84 bcf.


View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

Copyright CME Group All rights reserved.