The turkey gravy was heating up the market today as it dropped $0.16 USD/MMBtu for the prompt month at the time of writing. Traders are reacting to the strong storage injection from yesterday with no end in sight for warm weather and large storage inventory. The balance of the year is down on average $0.09 USD/MMBtu. The week was rangebound, settling close to where we started.

Crude oil has fell below $59 USD, down 4% on the prompt month due to the possibility of US tariff increases to China in the near future. The general sentiment is weaker industrial demand as we move into 2026 for both oil and natural gas. Recent revision to weather forecasts show Ontario and Alberta temperatures are expected to be warmer than previously forecasted over the next week. (PB)