Not much activity in the NYMEX today, gas futures were down a few cents in the morning, but ultimately floated up to settle 5 cents up since yesterday. In Ontario, temperatures are above the 10-year normal, but will likely cool down to about normal after this week. In the US as a whole, temperatures are riding the average. The heat should continue to weigh on storage, estimates for this week’s storage report are for an injection of 45 Bcf in the lower 48.

There was a disturbance over the Gulf Coast reported by the National Hurricane Center, which has a 40% chance of forming into a cyclone over the next week. It covers the shores of the southeastern states, which are home to a lot of natural gas infrastructure. Will monitor closely.