North America gas markets weekly update: November contract reaches $3.28 Report

Commodity Market Report 10 October 2018

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Report summary

We are expecting injections of 84 bcf, 85 bcf and 47 bcf for the next three EIA storage reports through October 19. The storage deficit to the five year average shrunk last week to 607 bcf after rapidly expanding in September. Some thought the big injection last week was assign of things to come now that CDD season is finally ending. We think different. The mild weather will continue through October 12, but low temperatures in the 30's from Chicago to Boston are expected next week.