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Natural gas down 2 cents

Posted on: August 31, 2017

The production and demand fundamentals of natural gas remain an area of uncertainty with Hurricane Harvey making its way through the Texas Gulf. There was a lack of news in the NG market with no revisions to the unsupportive two week weather model in the US, combined with a lower than average build range between 28-32 Bcf for the official EIA report to be published later today.

NG prompt contracts lost 2 cents to settle at $2.94. AECO, Alberta's gas trading price, saw a tremendous increase of 60 cents/gj on the basis of stronger delivery capacity of the TransCanada pipeline.

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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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