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Market Watch

Copyright © 2021 Energy Intelligence Group

With storage inventory data offering little direction, traders tested the upper end of the new trading range Thursday, pressing the October gas futures contract up 17.1¢ to $4.976 per million Btu. But the bullish move could soon be undone as Thursday's 76 billion cubic foot storage build was slightly above the five-year average and upcoming reports could narrow the seasonal deficit even more (see below). The contract traded in a $4.741-$5.037 range. The 12-month strip rose 14.7¢ to $4.405; the 2022 calendar strip was up 12.8¢ to $4.108 (Futures contracts).

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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