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Daily Commentaries

Today's Daily Commentary

Monday, December 6, 2021
Natural Gas Plunges 25% In Worst Week Of 2021 On Excessively Mild Temperature Outlook—And Losses Are Set To Continue Into Monday; How Much Further Can Prices Fall Here? Gas Demand Set To Rebound Slightly Today As Colder Temperatures Overspread Central US, But Any Shots Of Arctic Air Will Be Fleeting



Daily Commentaries For The Last 30 Days:

Wednesday, December 1, 2021
Natural Gas Extends Losses To 4-Month Low As Near-Term Temperature Outlook Continues To Look Very Bearish; Oil Tumbles As Omicron Variant Fears Fester; EIA Expected To Announce Bearish Crude Oil Inventory Drawdown But Neutral—If Uninspiring—Status report Today; Gas Demand To Tumble Today As Record Warmth Builds Across Central Plains & Extends Eastward


Wednesday, December 1, 2021
Natural Gas Extends Losses To 4-Month Low As Near-Term Temperature Outlook Continues To Look Very Bearish; Oil Tumbles As Omicron Variant Fears Fester; EIA Expected To Announce Bearish Crude Oil Inventory Drawdown But Neutral—If Uninspiring—Status report Today; Gas Demand To Tumble Today As Record Warmth Builds Across Central Plains & Extends Eastward


Wednesday, December 1, 2021
Natural Gas Extends Losses To 4-Month Low As Near-Term Temperature Outlook Continues To Look Very Bearish; Oil Tumbles As Omicron Variant Fears Fester; EIA Expected To Announce Bearish Crude Oil Inventory Drawdown But Neutral—If Uninspiring—Status report Today; Gas Demand To Tumble Today As Record Warmth Builds Across Central Plains & Extends Eastward


Monday, November 29, 2021
Natural Gas Avoids Friday’s Bloodbath to End The Week Strong On Colder Outlook & Record LNG Exports But Look For Downside Pressure To Start This Week After Forecast Trends Warmer; Gas Demand To Rise Slightly Today On Cool Eastern Seaboard But Daily Storage Injections Possible By Week’s End As Warmth Shifts Eastward


Monday, November 29, 2021
Natural Gas Avoids Friday’s Bloodbath to End The Week Strong On Colder Outlook & Record LNG Exports But Look For Downside Pressure To Start This Week After Forecast Trends Warmer; Gas Demand To Rise Slightly Today On Cool Eastern Seaboard But Daily Storage Injections Possible By Week’s End As Warmth Shifts Eastward


Tuesday, November 23, 2021
Natural Gas Tumbles As Warmer Temperature Outlook Outweighs Record LNG Exports & Tighter Supply/Demand Imbalance; Prices Poised To Rebound Today In Typical Heating Season Fashion As Overnight Model Runs Flip Colder; Gas Demand To Rise To Seasonal High Today As Quick-Hitting Shot Of Cold Air Reaches The East Coast


Monday, November 22, 2021
Natural Gas Logs Weekly Gain As LNG Exports Hit Record Highs And Investors Look Past Mild Early-December Temperature Outlook But Prices Will Be Vulnerable This Week; Gas Demand To Rise Sharply From Weekend Lows Today As First Of A Series Of Quick-Hitting Shots Of Cold Air Sweeps Eastward


Thursday, November 18, 2021
Oil Prices Sell Off To Reach 6-Week Low Despite Bullish EIA Status Report as Investors Mull The Prospect Of Rising Global Supplies; Natural Gas Reverses Lower On Shrinking Deficit & Merely “Neutral” Temperature Outlook; EIA Projected To Announce Bearish +22 BCF Out-Of-Season Storage Injection In Today’s Report; Gas Demand Begins To Ramp Back Up As Colder Temperatures Seep Eastward


Wednesday, November 17, 2021
Natural gas Surges & Then Hangs Onto Gains After Late November Outlook Trends Colder & Nord Stream 2 Pipeline Is Put On Hold, Propelling European Prices Higher; EIA Expected To Announce Bullish Crude Oil Inventory Build In Today’s Status Report; Gas Demand To Fall Today With Exceptionally Bearish +3 BCF/Day Daily Storage Injection, But Demand Is Set To Rise Quickly Later This Week


Tuesday, November 16, 2021
Natural Gas Rebounds As Late November Temperature Outlook Trends Colder; Gas Prices Remain Steeply Overvalued With Sub-100 BCF Deficit & Strong Production, But, For Now, Weather Is King; Gas Demand To Drop Today As Unseasonably Mild Temperatures Dominate the Heartland


Monday, November 15, 2021
Natural Gas Falls Sharply On Friday To Cap Off The Worst Week Of 2021 As Warmer Outlook & Strong Production Punish Commodity From Two Sides; Cooling Trend Over The Weekend Could Favor Early-Week Rally, But Natural Gas Remains Overvalued With Further Downside Possible; Gas Demand To Drop Today As Heartland Warms


Wednesday, November 10, 2021
Natural Gas Plunges Under $5.00/MMBTU As Quick Rise In Production & Bearish Near-Term Temperature Outlook (Finally) Weigh On Sentiment; In Busy Day, EIA Expected To Announce First Crude Oil Storage Drawdown In 3 Weeks & Rare Bullish Natural Gas Storage Injection; Gas Demand To Inch Higher Today, But Bearish Injection Still Expected As Unseasonably Mild Temperatures Persist


Wednesday, November 10, 2021
Natural Gas Plunges Under $5.00/MMBTU As Quick Rise In Production & Bearish Near-Term Temperature Outlook (Finally) Weigh On Sentiment; In Busy Day, EIA Expected To Announce First Crude Oil Storage Drawdown In 3 Weeks & Rare Bullish Natural Gas Storage Injection; Gas Demand To Inch Higher Today, But Bearish Injection Still Expected As Unseasonably Mild Temperatures Persist


Monday, November 8, 2021
Natural Gas Falters To Wrap Up The Week, But Still Finishes With A Second Straight Weekly Gain; With Inventories Still Rising & Shrinking Storage Deficit, Gas Prices Are Tenuous At These Levels With Much Dependent On The November Temperature Outlook; Gas Demand To Drop Today As Much Warmer Temperatures Expand Eastward


Monday, November 8, 2021
Natural Gas Falters To Wrap Up The Week, But Still Finishes With A Second Straight Weekly Gain; With Inventories Still Rising & Shrinking Storage Deficit, Gas Prices Are Tenuous At These Levels With Much Dependent On The November Temperature Outlook; Gas Demand To Drop Today As Much Warmer Temperatures Expand Eastward


Friday, November 5, 2021
Natural Gas Volatile But Finishes In The Black After EIA Storage Reports Lands Within Expectations; Natural Gas Demand To Fall Slightly Today As Temperatures Warm Across The Plains; Bullish Storage Injection Expected This Week, But Bearish Builds Set To Return This Weekend As Temperatures Warm


Thursday, November 4, 2021
Whiplash: Natural Gas Prices Extend Rally On Modest Cooling Trend In Near-Term Temperature Outlook & Rebounding European Prices; Oil Falls In Healthy Pullback After Bearish EIA-Reported Status Report & Federal Reserve Comments; EIA Projected To Announce Bearish +63 BCF Natural Gas Storage Injection In Today’s Report; Gas Demand To Rise Slightly Today With -2 BCF/Day Withdrawal Expected, But Warmer Temperatures Beginning To Build Back Across The Plains


Wednesday, November 3, 2021
Natural gas Rallies Sharply To Reverse Monday’s Losses On Dip-Buying & Prospect of Cooler Mid-November Temperature Outlook; Oil Flat Ahead Of What Is Expected To Be A Slightly Bearish EIA Petroleum Status Report; First Daily Storage Withdrawal Of The Heating Season Expected Today As Unseasonably Chilly Temperatures Overspread The South And East


Tuesday, November 2, 2021
Natural Gas Sell-Off Accelerates, Tops $1.00 In Under A Week As Mild Mid-November Outlook & European Retreat Weigh; Natural Gas Bubble Deflates, But Overvaluation Persists; Gas Demand To Rise Today As Unseasonable Chill Expands Eastward; Daily Storage Withdrawals Set To Begin Tomorrow But Inventories May Not Have Peaked Just Yet


Monday, November 1, 2021
Natural Gas Plunges On Bevy Of Bearish Catalysts; Bearish Investor Holdings Outnumber Bullish Holdings By The Most Since June 2020—When Natural Gas Was $1.75/MMBTU; Gas Demand To Rise Today As Much Colder Temperatures Sweet East In Short-Lived Cold Snap; Inventories May Peak For The Season Today


Friday, October 29, 2021
Sell The News: Ahead Of Cold Snap, Natural Gas Tumbles After Bearish EIA-Reported Storage Injection & Sell-Off In European Prices; Much Colder Temperatures Arrive Next Week With Final Injection Of The Season Likely To End 7-Week Streak Of Bearish Storage Injections


Thursday, October 28, 2021
Oil Prices Fall After EIA Reports Larger-Than-Expected Crude Oil Build, Even As Cushing Stocks & Gasoline Inventories Slide To Multi-Year Lows; Natural Gas Prices Surge To Near 13-Year Highs On Cold Start To November, But Risk Premium Builds If Cold Proves To Be Short-Lived; EIA Projected To Announce Bearish +87 BCF Injection In Today’s Storage Report; Gas Demand To Drop Today On Cool South & Mild Northeast


Wednesday, October 27, 2021
Natural Gas Ends Nearly Flat After A Volatile Session While Oil Can’t Hold Onto 7-Year Highs; EIA Expected To Announce Slightly Bullish Crude Build By Bearish Refined Product Builds In Today’s Status Report; Gas Demand To Drop Today As The South Cools & Northern Tier Warms


Tuesday, October 26, 2021
Blast Off! Natural Gas Prices Soar As Early-November Temperature Outlook Trends Colder; Yes, Natural Gas Is Excessively Overvalued, But, Yes, Natural Gas Can Rally Further; Gas Demand To Rise Today As Powerful East and West Coast Storms Drive Very Active Lower 48 Pattern, Though Resulting Robust Wind Generation Could Displace Record Gas Volumes


Monday, October 25, 2021
Overvalued Natural Gas Records Third Straight Weekly Loss But Is Set To Rally To Start The Week As Early-November Outlook Trends Colder; Money Manager Outflows From Natural Gas Continue Despite Big Yearly Gains; Gas Demand To Hold Steady Today With Slightly Bearish Injection Likely As Stormy Set-Up Not Enough TO Boost Heating Or Cooling Demand