Happy Thursday everyone. Natural gas continued to fall today with the prompt month October NYMEX contract falling US$0.69/MMBtu to settle at $7.089, the lowest it’s been since July 19th, 2022. The U.S. Energy Information Administration’s storage report played a large role today in generating bullish momentum. While the industry estimate came in at 96.3 billion cubic feet (Bcf), the actual amount was recorded at 103 Bcf. Volatility will continue to be present going into winter though as the storage deficit is still quite large to last year and the 5-year average. ~CL

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