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Natural gas gains 2 cents

Posted on: October 20, 2017

After NG prompt futures tested highs of $2.9 they ultimately settled 2 cents higher at $2.87 for the day. The EIA inventory number was +51-Bcf which is comparable to the earlier estimate this week and provided some support to prices, although price gains were tempered by a persistently mild autumn weather forecast. According to Bloomberg, inventories are 1% below the 5-year average. The US Climate Prediction Center's latest estimate is a 67% chance of La Nina, although it is likely a weak one.

For those who are not familiar La Nina would potentially stimulate heating demand by causing colder temperatures during the Winter Season.


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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