Mike Mareen/Shutterstock Save for later Print Download Share LinkedIn Twitter The fading likelihood that US gas storage inventories will enter the winter heating season at a significant deficit to seasonal averages had bulls and bears wrestling for control of the natural gas futures market for much of last week. The November gas contract plunged just under $5 per million Btu psychological support Oct. 18, culminating a two-session, 69.8¢ swan dive; but lingering upside risk gave prices plenty of room to run higher even if they lacked fundamental support.
