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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.


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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