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Natural gas falls 3 cents

Posted on: September 21, 2017

Hurricane Maria tore through the island of Puerto Rico at an alarming speed and threatened both lives and the already weakened energy infrastructure post Hurricane Irma. The weather fundamentals in the U.S have been much more forgiving and the models have persisted with higher cooling demand for the remainder of Sept in the majority of the East. (source: MDA Weather Services).

This is quite unusual for this time of year before we enter the season of heating demand. BNEF has projected a range up to triple digits for the weekly inventory figures to be published later today by the EIA...if those come to fruition we may see a dip in NG prices. NG settled 3 cents lower to $3.09.


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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