Market Watch

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November natural gas futures continued to tumble, losing 42.1¢ Monday to close at $4.989 per million Btu. The contract has shed 69.8¢ in a two-session swan dive as actual shoulder-season fundamentals undermine potential winter concerns. However, what could be of more import is WTI crude prices are at levels that could spur a flood of associated gas. November WTI added 16¢ Monday to close at $82.44/bbl. The 12-month strip fell 23.2¢ to $4.45; the 2022 calendar strip was down 18.7¢ to $4.289 (Futures contracts).

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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