• Natural gas futures extended their decline, with Winter 2026-27 falling another $0.13 per MMBtu as November expired near the lower end of its October trading range.
• The EIA reported an 80-Bcf storage injection, ending a ten-week streak of below-average builds and widening the surplus to the five-year average to 38 Bcf.
• Domestic production remained elevated at 112.4 Bcf per day, while LNG exports eased slightly from record highs but continued to exceed 20 Bcf per day.
• Electricity demand was mixed across major markets, while forward power prices generally weakened for the balance of 2026.
