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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

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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