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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.


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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