The NYMEX opened this morning at $4.024 US/MM, rebounding from the lows we saw earlier this week. As of this morning the NYMEX is up 3%, on strong continued LNG export flows and ahead of the weekly storage report. In more interesting news, today is storage day! Reuters forecasted a withdrawal of -169 Bcf over this past week, but we saw an actual withdrawal of -167 Bcf, again showing how strong production has been this year, as withdrawals continue to come under predicted forecasts. As of December 18, there is 3,640 Bcf of gas in the lower 48’s storage, which is up 0.9% from the 5-year average of 3,547 Bcf, but down from last year’s historic season by a margin of 1.7%. In reaction to the strong production and storage we have been seeing, the NYMEX dipped back down, alongside warmer temperatures in the lower 48 supply continues to outpace demand, thus there is some bearish activity within the market. As of writing, the NYMEX is currently trading at $3.912 US/MM, roughly 10¢ under what it settled yesterday. (AA)