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Natural gas climbs 5 cents higher

Posted on: September 13, 2017

The National Centers for Environmental Information places Hurricane Irma at 4th on the list with expected damages of $58 Billion dollars using data provided by Enki Research. Although that may sound like a lot, it came in considerably below the estimates as high as $200 Billion. You can thank a weather condition called the Bermuda High for the displacement of the Hurricane. Southeast power demand has bounced back quicker as a result, with consumption at 4.49-Bcf versus 3.77-Bcf earlier in the week.

NG inventories are expected to build by 79-Bcf versus 63-Bcf five year average. NG gained 5 cents and settled at $3.00.


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

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.


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