High U.S. natural gas inventories, projected by the EIA to reach 3,850 Bcf by end-October 2026 (2% above the five-year average), combined with record production near 112-113 Bcf/d, are the dominant forces capping near-term Henry Hub prices around the $3.20/MMBtu level observed in early October settlements. Strong LNG feedgas demand near 17-19 Bcf/d provides some support amid global supply disruptions, yet ample domestic storage and output growth limit upside. Traders are monitoring the next weekly storage report and any weather-driven demand shifts for the week of October 12, as mild conditions could reinforce the surplus and pressure front-month futures.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-updateView resolved

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