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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.

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Most Recent Market Updates

October 20, 2017

Natural gas gains 2 cents

After NG prompt futures tested highs of $2.9 they ultimately settled 2 cents higher at $2.87 for the day.

October 20, 2017

Crude losses $0.75

Gasoline and Distillate weighed on prices, gaining 908k and 528k barrels respectively.

October 19, 2017

Natural gas falls 11 cents

NG prompt contracts took a plunge to settle at $2.85 for the day with the Commodity Weather Group forecasting an extension in the muted weather conditions this Autumn.

October 19, 2017

Crude gains $0.16

There was a rise in fuel stockpiles but a draw in crude.

October 19, 2017

CAD takes a breath ahead of CPI/Retail sales on Friday

After gaining ground yesterday, the overnight session represented a bit of a snooze fest for the Loonie as support around 1.2460 held.

October 18, 2017

Natural gas gains 2 cents

The EIA Short-Term Energy Outlook (STEO) for September predicted a drop in the average price of natural gas.

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