November natural gas prices traded higher during the early morning session and climbed above last week's high in the process. Some traders noted fresh buying interest on the lows made following yesterday's EIA storage report. The report showed a larger than expected injection of 51 bcf. Total storage stands at 3,776 bcf or 7.1% above the 5 year average. Over the last four weeks natural gas storage has increased 280 bcf.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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