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Natural gas drops 6 cents

Posted on: January 05, 2017

NYMEX Natural Gas continues to struggle with above average temperatures beginning the traditional Winter season; consequentially, lower US storage withdrawals have transpired with Bloomberg analyst estimates of storage withdrawal of only 91bcf for the week. EIA data released for the week is showing a draw of 49-Bcf. Prior period storage withdrawal was a high 273-Bcf.

Overall, NYMEX Natural Gas lost 6 cents to close at $3.267, trading in a $0.122 range with support found around $3.20.

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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

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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