Mild temperatures and strong production drove the November contract to its lowest settle since 1998, rolling off the board at $2.033/MMBtu. The CY2015 NYMEX settlement is now averaging $2.706 per MMBtu, which is the lowest annual average in more than ten years. In addition, the calendar year strips from 2016 to 2021 all hit fresh all-time lows. Weather, or lack thereof, is currently driving this market. With a reduced heating demand for this time of year and the forecasted El Nino, natural gas storage injections continue to remain strong and is on pace to end the injection season at its highest level (ever). As December moved into the prompt position last week, the contract rallied after the storage report was below expectations, but eventually settled down 4.1 cents as the weather forecast remained bearish. The December contract is currently trading at $2.253/MMBtu.