The prompt month of the November contract for natural gas traded within a wide range today following the release of the EIA’s weekly storage inventory report, which reported a net injection of 75 billion cubic feet of natural gas for the week ending October 2nd, 2020. Prices shrugged off the slightly bearish report and strengthened over the course of the day as weather model runs added demand in their 14-day outlooks for another consecutive day. It remains to be seen whether this demand will persist into the month of November, but provided it does, prices will respond bullishly.

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