$NATGAS Sowing short term recovery as cooler weather forecasts declining US production and near record LNG export demand support prices. Futures recently climbed to a three week high near $3.22/MMBtu, reflecting improving short term demand expectations.
EIA expects higher storage levels due to a warmer start to November and forecasts lower average winter prices. Rising US production also remains a potential downside factor.
𝗭𝟳𝗬
EIA expects higher storage levels due to a warmer start to November and forecasts lower average winter prices. Rising US production also remains a potential downside factor.
𝗭𝟳𝗬