November natural gas established a new contract low yesterday, as it continued to struggle with milder weather conditions. Meanwhile, the level of US nuclear capacity that remains off-line has been steadily increasing, reaching a level of 15% yesterday. The latest EIA natural gas storage report showed a slightly smaller than expected injection of 97 bcf. Total storage stands at 3,409 bcf, or 0.8% above the 5 year average. Over the last four weeks natural gas storage has increased 384 bcf.
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