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Natural Gas gains 6 cents

Posted on: May 11, 2017

Short term weather forecasts supported prices with cooler than normal temperatures in the Northeast, however, the main attraction of the day was pertaining to the 4.2 billion dollar Rover pipeline. According to the FERC, new drilling has been barred along some segments which could drastically alter short-term supply as we enter a period of greater cooling demand. Today’s EIA inventory report expects to see a 56-Bcf gain in stockpiles, within the 50-57-Bcf range, according to a Bloomberg survey. NG prompt futures gained 6 cents to settle at $3.29.


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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