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Market Watch

Copyright © 2021 Energy Intelligence Group

October Gas future continued to retreat Monday, falling 12¢ to $4.985 per million Btu. October has been trading north of $5/MMBtu since Sep. 13. when a three-session 52.2¢ rally took off followed by a three-session 47.5¢ fall. Bullishness waned a bit Monday as late summer cooling loads begin to decline, while more gas production returns to the Gulf of Mexico. The US Bureau of Safety and Environment reported that 598 MMcf/d of Gulf gas output remained shut, 167 MMcf/d less than reported Friday. The 12-month strip fell 7.5¢ to $4.327; the 2022 calendar strip slipped a hair under $4, falling 5.3¢ to $3.999 (Futures contracts).

As he looks to protect his right flank ahead of April's presidential election, French President Emmanuel Macron is dialing up support for new nuclear.
Fri, Oct 15, 2021
The juxtaposition of a mild weather against a tightening supply-demand outlook brought about another volatile week for natural gas futures.
Fri, Oct 15, 2021