Another beautiful, warm day… with not much to report.
The EIA’s storage report came in as an injection of +110 Bcf for the week ending May 9. Another solid build, still keeping inventories in line with the 5-year average.
Temperatures in Ontario are currently above normal, but will likely dip colder throughout next week, but ResCom demand is not foretasted to significantly increase in response. Natural gas futures continue to soften, as the NYMEX front month sold off 13 cents to settle at $3.36 US/mm.
