Commodity Market Report
North America gas weekly update: Cold turkey?
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Report summary
A bit of weather normalization has stopped the abrupt slide of Henry Hub gas prices. US gas storage is back in withdrawal mode after a period of significant warmer than normal weather resulted in two consecutive weekly injections post this winter’s initial early withdrawal for the week ending 30 October. Peak winter weather is around the corner as we enter December. Although, Thanksgiving is set to be warmer than normal, will gas market bulls get a colder Christmas instead?
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