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Natural Gas gains 4 cents

Posted on: May 01, 2017

The new prompt June NG futures contracts gained 4 cents to settle at $3.28. Inventories stand at 15.8% above the five year average and natural gas production climbed 2.2% for February. However, current production is being faced with steep decline rates, especially in the Marcellus formation. Rig counts may be rising for natural gas but the production ability has been constrained by the aforementioned decline rates leaving many hedge funds feeling bullish output could fall short of demand by the end of the year, according to Bloomberg.


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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