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Natural gas gains 4 cents

Posted on: August 30, 2017

The two week US weather models are bearish with limited cooling demand anticipated for NG. However, the reduction in production levels from Hurricane Harvey has offset weather fundamentals with prompt futures gaining 4 cents to settle at $2.96. On the EIA side, market consensus is for a 38-Bcf build this Thursday which is considerably below the five year average and price supportive.

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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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