November Gas Futures Drop to Three - Year Lows as Storage Fills

摘要

The US November natural gas contact moved marginally higher Friday, the week's only positive session for the newly minted prompt month, which plunged 6.8% last week to land in the mid - $2.40s after it was pressured by the potential of a demand - dampening hurricane off the East Coast and a rapid storage refill. Of the two, bearish storage fundamentals posed the greatest hurdle for bulls.