My Commodity News

Volatility Outlook

Implied volatility in natural gas options has spiked to 80%. The market is highly sensitive to midday weather model updates, with any shift back toward cold likely to trigger another short-covering rally.

Production Freeze-Off Risks

Despite the warmer long-term outlook, immediate production freeze-offs in the Bakken shale are providing support. Output has dropped by 1.5 Bcf/d over the weekend due to wellhead icing.