Happy middle of the week, markets were more exciting today. A lot of speculation that the market is overly short given the move upwards by all contracts. The September prompt month NYMEX contract settled up US$0.369/MMBtu at $8.202 to return it to levels seen post-storage report last Thursday. Prices rose an average $0.199 out to March 2024. Fundamentally, not much has changed, and any changes were more so bearish. For example, the previously reported storm has quieted down and is not expected to develop over the next couple of days. There are a lot of moving parts involved though, and the storage report tomorrow may add some further volatility depending on the existing trader sentiment. ~CL

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