And another rally to finish the week. The NYMEX front month contract price (in the widget below) paints a very clear slow and steady increase.
Going into the long weekend, know that temperatures are set to drop next week. In Ontario, Monday and Tuesday are expected to be the coldest days of the month, maybe the season too. Reports show that the average lower 48 daily temperatures will be hit sub 30 degrees F, with a range between 35 and 25 degrees. In these conditions, freeze-offs and service interruptions are likely to happen, plus a huge withdrawal from storage down the line.
Stay tuned, and stay warm!
