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Natural gas gains 2 cents

Posted on: October 20, 2017

After NG prompt futures tested highs of $2.9 they ultimately settled 2 cents higher at $2.87 for the day. The EIA inventory number was +51-Bcf which is comparable to the earlier estimate this week and provided some support to prices, although price gains were tempered by a persistently mild autumn weather forecast. According to Bloomberg, inventories are 1% below the 5-year average. The US Climate Prediction Center's latest estimate is a 67% chance of La Nina, although it is likely a weak one.

For those who are not familiar La Nina would potentially stimulate heating demand by causing colder temperatures during the Winter Season.

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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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