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Natural gas falls 3.9 cents

Posted on: August 21, 2017

NYMEX ended the week softer on Friday, with the front future settling at $2.89.The market is now merging into spring with a group of technical indicators from $2.88 to $2.93. Hot high pressure will be the highlight in the week ahead, with highs of upper 80s to 100s to drive significantly stronger national demand. Total natural gas storage currently stands at 3.082 trillion cubic feet, which is 7.6% lower than levels at the same time a year ago, but 1.8% above the five year average.

Expectations for Thursday's storage data is for a build in a range between 37 and 47 billion cubic feet in the week ended August 18.

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Most Recent Market Updates

November 20, 2017

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