The Energy Buyer's Guide | 10.20.2025
Natural gas futures finish lower but end the week on a strong note.
- November NYMEX slipped $0.10 to settle at $3.01 per MMBtu, recovering slightly into Friday after briefly falling below $3 midweek as oversold conditions spurred modest technical buying.
- Storage inventories rose 80 Bcf to 3,721 Bcf, holding a 26 Bcf surplus versus last year and 154 Bcf above the five-year norm, as record production balanced steady export demand.
- Forward power prices fell for the second consecutive week, with declines across all major hubs as softer NYMEX futures and fading winter premiums pressured balance-2025 and early-2026 contracts.
- Real-time power prices trended lower overall, led by a sharp $9 drop in MISO to the mid-$30s per MWh, while PJM firmed modestly and other regions saw smaller week-over-week changes.
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