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Natural gas gains 7.7 cents

Posted on: March 09, 2017

NYMEX natural gas traded in a range of $0.116 on Wednesday and settled at $2.901/MMBtu, gaining 7.7 cents. Weather continues to play a leading role in natural gas pricing, with cooler than average temperatures hitting the Northeastern and Eastern US over the next 10 days, which will likely boost heating demand in several key areas. The news pushed pricing as high as $2.949/MMBtu before sliding a few cents off that throughout the afternoon.

This morning gas is trading up in anticipation of the storage figure release. The market is expecting a draw around 60-Bcf.


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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