Market Watch

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October gas futures edged 1.2¢ lower to $7.752 per million Btu as the market could be forming a potential floor in the mid-$7.70s ahead of winter. There are good reasons for traders to take gas lower — strong production gains and declining power burns among them. However, gas tends to rally in October with actual winter conditions still uncertain. There was less support for 2023 spring and summer contracts. The 12-month strip fell 3.6¢ to $6.56; the 2023 calendar strip fell 4.8¢ to $6.033 (Futures contracts).

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