Market Watch

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December gas futures boomeranged back above $6 per million Btu Wednesday, gaining 55.4¢ to $6.268/MMBtu. This is the third consecutive session to see prices gyrate 9% or more as restored demand at Cove Point LNG and conflicting weather forecasts goose market direction. Next up is the collision Thursday of an undoubtedly bearish storage report with forecasts for a cold end to November that are just coming into focus. The 12-month strip rose 25.8¢ to $5.351; the 2023 calendar strip rose 21.9¢ to $5.294 (Futures contracts).

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