Lots of Good News, although Tropical Weather is busy.

The Headline:   Milder weather, great gas storage numbers, and largely non-threatening tropical forecasts  push prices down.

The Bottom Line:    Temperature forecasts are milder than previous weeks and gas storage numbers are setting 5-year highs. While there is a lot of tropical activity, once Sally makes landfall as a tropical storm or Category 1 hurricane, Gulf production shutdowns appear unlikely.   All of the annual price strips are down, and it looks like a week for energy buyers to get busy.        

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