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Natural gas gains 10 cents

Posted on: October 13, 2017

The 10 cent upswing in NG prompt contracts to settle at $2.99 was a bit mystifying for a few reasons: the inventory build was on par with the five year average of 87-Bcf, warmer temperatures are tempering heating demand for the Eastern U.S. through Oct 22-26 (source: The Weather Company), and lastly, the natural gas bulls are doubling down on the possibility of La Nina occurring; on the topic of La Nina, although the Climate Prediction Center estimates around a 67% chance of it taking place this Winter, the strength and duration are largely contested and could very well be overly optimistic...but as the Hurricane season has already shown us weather fundamentals can indeed show violent and vicissitude swings.

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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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