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Natural Gas gains 4 cents

Posted on: March 14, 2017

NYMEX NG prompt futures traded within a 10 cent range to settle 3.5 cents higher at $3.043. Large snowstorms in the US Northeast region have arrived and are consequently spiking short term demand— Bloomberg estimates that Northeast demand up 75% YoY. Generally speaking the short term weather forecast in the US is supportive until the end of March.

The last storage EIA report showed a 68 Bcf withdrawal from storage which was slightly higher than market estimates.

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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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