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Natural Gas falls 8 cents

Posted on: March 17, 2017

NYMEX NG prompt futures lost 8 cents settling at $2.90 largely driven by inventories falling less than expected. Inventories fell by 53bcf to 2.242 tcf vs Bloomberg analyst survey forecast for a 57bcf drop.

February was the second warmest on record in the lower 48 states. As the peak demand Winter season comes to a close and the stockpiling season begins, inventories sit at 21% above the 5 year average according to Bloomberg. Short term weather expectations remain relatively bearish.

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Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

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November 17, 2017

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November 14, 2017

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