Yesterday’s NYMEX ended up settling to a seven-week low of $3.908 US/MM, which coincides with the strong storage report, forecasts for milder weather and lower demand over the next two weeks than previously expected, and near-record production. This is the second consecutive week of drops we have seen, with this week dropping 6% after dropping around 22% last week. In terms of outlook, looking forward, the market is showing signs that traders are not worried about having enough gas supplies in storage for the winter. Meteorologists forecast weather across the lower 48 to remain mostly warmer than normal through January 3rd, keeping the amount of gas needed to heat homes and businesses lower than usual for this time of year. As of writing, the NYMEX has clawed up a little – to the tune of 1.18% — back up to $3.957 US/MM, but no price fluctuations of major note. Have a good weekend! (AA)