Big rally today as the NYMEX December front month contract jumps up 20 cents to $3.20 USD/mm, a price that was last seen in January, exceeding the summer’s peak of $3.13 in mid-June. The increase comes as NOAA’s new 6-10 Day Temperature Outlook shows that the likelihood of below-average temperatures will be spreading wider across the country.

The forecast for tomorrow’s storage report has changed from an injection of +20 to +6 (for the week ending November 15th). At this rate, this will likely be the final injection before withdrawals begin. Stay tuned!