Commodity Market Report
North America gas markets weekly update: December contract jumps to $3.52
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Report summary
We are expecting injections of 55 bcf, 18 bcf and -43 bcf for the next three EIA storage reports through November 16. Futures prices have rally more than 30 cents over the last week. The cold weather forecast for November 9- November 16 should bring an abrupt end to injection season. Inventories are likely to peak at 3,216 bcf. This will be more than 610 bcf below storage inventories at the same point in 2013.
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