The NYMEX front month was up $0.02 USD/MMBtu or 0.5%, to settle at $2.85 USD/MMBtu, marking the first time in five sessions that the market rose. Reminder, on Friday, the NYMEX front month will roll over from October to November. We are already seeing a significant increase in trading of the November contract, with 133,000 daily trades for November compared to 163,000 for October. As we progress throughout the week, expect liquidity to decrease in October as traders look to exit their positions before settlement.  

US production numbers dropped slightly today, helping to support gas prices. Traders are still awaiting the possibility of an early cold in October, but current forecasts show no evidence of it. In Alberta, maintenance continues to constrict demand and is keeping prices comfortably in the negatives. (PB)