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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.


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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