U.S. weather remains bearish for the next two weeks. It would certainly seem that at some point, cold weather would enter the major population centers of the lower 48 states, for Mother Nature remains neither bullish nor bearish forever.
Quite simply, the strong Pacific flow is continuing to inhibit any major intrusions of Arctic air into the lower 48. The winter is rapidly coming to an end for all practical purposes.
The market is lower as weather forecasts are considered rather bearish through the middle of the month,
The market (has) a slightly lower bias. Production curtailments in the Gulf remain supportive, while demand factors must now be considered.