Natural gas futures for November delivery settled at $3.22 per MMBtu on October 9 after a 6.1% weekly gain, driven primarily by Hurricane Isaias approaching the Gulf Coast with expected landfall near Alabama. The storm prompted evacuation of offshore platforms and curtailed roughly 1.3 Bcf/d of production, though analysts note potential offsets from reduced power demand due to outages and milder shoulder-season weather. U.S. storage inventories stand above the five-year average at approximately 3,351 Bcf, with the EIA forecasting a build toward 3,850 Bcf by end-October amid record production near 112 Bcf/d and steady LNG feedgas demand. A broader El Niño pattern supports expectations for milder winter heating demand, limiting upside pressure despite near-term supply risks. Traders will monitor the next EIA storage report and daily weather updates for resolution signals in the week ahead.
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