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Natural gas climbs 3 cents higher

Posted on: November 10, 2017

NG continues the rally higher to reach a settle of $3.20 for the day with a surge of cold weather rolling in from the Midwest to the East Coast forecasted out to Nov 9-13 by the Commodity Weather Group. To further affirm the higher prompt prices was the weak inventory build confirmation of +15-Bcf by the EIA. Inventories are now 1.8% below the five year average (BNEF).

The so called "cherry on top" was the formation of a weak La Nina to stimulate heating demand in the Northern US.

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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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