• Natural gas futures recovered modestly, with December NYMEX testing resistance near $3.00 per MMBtu as winter pricing rebounded from recent lows.
• The EIA reported a 77-Bcf storage injection, lifting inventories to 3,801 Bcf and widening the surplus to the five-year average and bringing stocks closer to year-ago levels.
• Domestic production declined in response to soft cash pricing while LNG exports remained above 20 Bcf per day, tightening the weekly supply-demand balance.
• Electricity demand increased across most major markets, although wholesale power pricing remained mixed.
