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Natural gas fell 2 cents

Posted on: October 06, 2017

The magic number was 42-Bcf for the official weekly storage gain from the EIA, coming in on the low end of the 40-60-Bcf consensus range earlier this week. Natural gas rig count fell by one. NG prompt contracts settled 2 cents lower to $2.92 while the optimistic longer term outlook still remains.

The climate prediction center released a 55-60% probability of La Nina forming during Winter 2017-18 which would stimulate heating demand and push prices higher. No short term weather model revisions were material for the day.

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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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