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Natural Gas loses 6 cents

Posted on: April 24, 2017

There is a technical support level of $3.00 and with the May contract expiring this week there is sure to be some directional ambiguity as we roll into May. US East Coast continues to exhibit warmer than average temperatures which could show up in this week’s EIA storage estimates. Last week the EIA reported a build of 54-Bcf and inventory total of 2.115-Tcf. NYMEX NG futures lost 6 cents to a final settle of $3.10.

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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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