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Natural gas gains 3 cents

Posted on: September 07, 2017

Prompt natural gas futures pushed their way back to a $3.00 settle as Hurricane Irma's path makes its way towards Florida by this weekend. I would anticipate some dramatic swings in the price of NG during the next couple of days until the weather data is more conclusive. If Irma touches down in Florida as a category 5 storm the damage could be catastrophic-- with mass power outage throughout the region. As for the rest of the U.S, the Commodity Weather Group presented normal to cooler than average temperature for the greater Eastern area through Sept 20th.

The Hurricane has shifted attention from weekly EIA inventory numbers but the most recent BNEF estimate is for a 69-Bcf build, marginally above average.


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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