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Natural gas gains 7.4 cents

Posted on: May 23, 2017

The natural gas contract continued to rise on Monday, gaining 7.4 cents to settle at $3.330/MMBtu. The move was supported by weather models, which show warmer temperatures moving throughout much of the US to end off the month, and likely to boost power burn demand.

Expectations for the storage figure this week are looking for a build in the range of 59-Bcf to 69-Bcf. According to the EIA, inventory levels currently sit at 2.369-Tcf following the build of 68-Bcf last week.


Most Recent Market Updates

May 23, 2017

Natural gas gains 7.4 cents

The natural gas contract continued to rise on Monday, gaining 7.4 cents to settle at $3.330/MMBtu.

May 23, 2017

Crude gains $0.40

NYMEX WTI futures remained in the $50 territory amid greater consensus that an extension in production cuts will be agreed to on May 25th among OPEC and Non-OPEC members.

May 23, 2017

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May 19, 2017

Natural gas marginal 1 cent loss

NYMEX NG futures lost a penny to settle at $3.18, which is unusual considering Thursday’s EIA figures generally increase price volatility for the day.

May 19, 2017

Crude gains $0.28

WTI prices approach the $50 mark moving $0.28 and settling at $49.35 amid further established beliefs that OPEC will extend their production cut agreement until March 2018.

May 17, 2017

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