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• Weekly Gas Storage: Inventories increase by 79 Bcf
  The EIA has released its natural gas inventory report,...
  The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of October 27, 2023.
  
  Working gas in storage was 3,779 Bcf as of Friday, October 27, 2023, according to EIA estimates. This represents a net increase of 79Bcf from the previous week. Stocks were 293 Bcf higher than last year at this time and 205 Bcf above the five-year average of 3,574 Bcf.
  
  At 3,779 Bcf, the total working gas is within the five-year historical range.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $2.02 to $82.46 per barrel Thursday. Brent crude for January delivery rose $2.22 to $86.85 per barrel.
  
  Wholesale gasoline for December delivery rose 6 cents to $2.25 a gallon. December heating oil rose 7 cents to $3.03 a gallon. December natural gas fell 2 cents to $3.47 per 1,000 cubic feet.
  
  
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• Dow surges over 560 points as S&P 500 scores biggest gain since April
  Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled...
  Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled a wait-and-see approach to further rate hikes. The Dow Jones Industrial Average DJIA surged 565 points, or 1.7%, to close near 33,839. The S&P 500 SPX advanced 1.9%, for its biggest one-day gains since April 27, while the Nasdaq Composite COMP jumped 1.8%.
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• Natural Gas Futures Drop Ahead of Today's Storage Report.
  Natural gas futures extended their slide lower for the second-straight session and are off a further...
  Natural gas futures extended their slide lower for the second-straight session and are off a further 2.5% so far this morning, continuing to reel on reports showing record output and forecasts for milder weather over the next two weeks than previously expected. Traders will also be looking to today's storage report which analysts expect to show a build of 81 Bcf.
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• Energy Sector Commentary
  The energy sector is off to a higher start, backed by strength in both the crude complex...

  The energy sector is off to a higher start, backed by strength in both the crude complex and major equity futures which gained this morning as treasury yields continued to fall. With a slew of earnings across the energy sector released this morning and after-market close yesterday, investors will have many data points to digest.  Focal points remained capex discipline and shareholder returns, with a number of dividend increases and increased share repurchase totals announced.

  
  

  Following three consecutive days of declines, WTI and Brent crude oil futures turned higher this morning on positive economic sentiment after the U.S. Federal Reserve again decided to keep benchmark interest rates unchanged. Lingering demand concerns in Europe and China continued to weigh on sentiment and overshadowed supply concerns in the Middle East. While markets remain fixated on the Israeli conflict, crude has now given up its war premium as fears the conflict would spread across the region and disrupt supply have failed to occur, with oil options now pricing in a smaller risk of escalation.

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