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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.


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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