natural gas popped over 8% today due to a short term weather forecast of colder weather for the first two weeks of November.
Because ngas storage is lower than normal, an extended period of cold weather could pop ngas even higher but again this is a short term forecast for the first two weeks of November AND then warmer for the last two weeks.
Recent pipeline completions to natural gas production areas should provide more than ample supplies over the longer term but the rampup of LNG plants has sent significant amounts of ngas overseas and has led to the current storage levels.
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