October natural gas futures rolled to November at an over 60 cents per MMBtu contango. Contango is a forward premium in a futures market. The steep level of contango between the two contracts reflected the natural gas market’s seasonality as the October contract represents the injection season where stockpiles build. The November contract reflects the beginning of the withdrawal season during the peak time of the year for natural gas demand.

Natural gas stockpiles rise from March through November and fall from November through March each year. Meanwhile, 2020 is no ordinary year in natural gas and markets across all asset classes. The November 3 election will determine the President for the next four years and the majorities in the House of Representatives and the US Senate. One of the many issues facing voters when they go to the polls is the future of US energy production. Over the past years, technological advances in fracking and fewer regulations made the United States the world’s leading natural gas and crude oil producer. The Trump administration supports US energy independence; the Democrats favor alternative energy sources that reduce the carbon footprint. Therefore, the election presents a unique dynamic for the energy markets, which could cause increased volatility over the coming weeks, months, and perhaps years.

As natural gas moves towards the peak season of demand facing bullish and bearish factors. We should expect lots of price variance in the volatile natural gas futures market over the coming weeks.

Another storm in the gulf causes a lower high

Hurricane Delta was steaming towards the US Gulf Coast on Friday, October 9, as a Category 3 storm with life-threatening storm surge, damaging winds, and rainfall flooding from Louisiana and east Texas to Mississippi. The hurricane will hit the same areas ravaged by Hurricane Laura

NEW YORK (Reuters) – Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway.

FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz

The market slipped in post-settlement trading, however, after U.S. President Donald Trump said he was instructing his administration not to negotiate a stimulus package until after the Nov. 3 election.

Brent crude futures settled at $42.65 a barrel, up $1.36 a barrel, or 3.29%. U.S. West Texas Intermediate (WTI) crude settled at $40.67 a barrel, rising $1.45, or 3.7%. In post-close trading, however, Brent fell to $42.19 while U.S. crude dropped to $40.13 a barrel.

Oil prices eased further after the close following American Petroleum Institute data that showed U.S. crude stocks climbed 951,000 barrels last week compared with analysts’ expectations in a Reuters poll for a build of 294,000 barrels.

Trump returned to the White House following three days in the hospital for treatment for COVID-19. U.S. House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin had been in negotiations for an additional $1.5 trillion to $2 trillion in economic stimulus before Trump’s tweet.

“It looked like something was going to materialize, and now it has been blown up so everything is selling off,” said John Kilduff, partner at Again Capital LLC in New York.

“The petroleum complex needed that stimulus to help stoke demand once again, and we’re obviously not getting it.”

Energy companies shut offshore oil platforms as Hurricane Delta strengthened to a Category 2 and was on track to reach the Gulf of Mexico on Thursday. It would be the 10th named storm to hit the United States this year, which would break a record dating



a close up of a sign: Where and Why You Can Steal Cisco Stock


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Where and Why You Can Steal Cisco Stock

In a bull market seemingly made up of influential technology stocks, not all companies of that caliber have enjoyed 2020’s new socially distanced normal. Cisco Systems (NASDAQ:CSCO) and its shareholders can attest as much. But has the time finally come to buy Cisco stock? Let’s examine what’s happening off and on the price chart, then offer a risk-adjusted determination in alignment with those findings.



a close up of a sign: Where and Why You Can Steal Cisco Stock


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Where and Why You Can Steal Cisco Stock

Despite September’s market correction, it’s not exactly a secret the large-cap, tech-heavy Nasdaq Composite index has been a great spot to invest this year. The leadership of course has been the byproduct of muscular rallies in trillion-dollar-plus outfits and rising growth stock stars. Apple (NASDAQ:AAPL). Microsoft (NASDAQ:MSFT). Amazon (NASDAQ:AMZN) and others, as well as dizzyingly powerful gains from growth juggernauts such as Tesla (NASDAQ:TSLA) and Zoom Video (NASDAQ:ZM) are the much lauded suspects.

It is what it is. There’s also no arguing those companies’ products and services, now more than ever, have proven essential amid the novel coronavirus pandemic. Well, maybe not Tesla. Still, it would be foolhardy for investors to think they can simply throw a dart at the wall covered with blue-chip tech stocks and expect to hit a bullseye.

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Not the End of Days for Cisco Stock

Cisco investors are painfully aware of this fact. On the year — and in the face of the Nasdaq being up nearly 24% or against AAPL stock’s burly 55% return — CSCO shares are down roughly 5%. The other truth facing Cisco stock holders are the company’s networking and security services haven’t proven wholly critical amid