Natural Gas (as of 5/16/13) Natural gas prices continue to gradually rise. NG is currently trading in or around the $3.95 range. Prices should stay between $3.90 – and $4.10 range. Crude Oil (as of 5/16/13) Crude Oil is currently trading around $95.20/ barrel. Prices are relatively stable, trading at or around $94.5 – $96.5/. Read the Rest…
Category Archive
for: ‘Natural Gas Storage Report’
Natural Gas Rallied 5.9% Thursday
The Energy Information Administration (EIA) reported yesterday that 127 BCF of gas was withdrawn from storage last week, compared to the market expectation of a 119 BCF withdrawal. As a result, natural gas futures rallied Thursday— up 5.9 percent—and prices continue to edge higher today. The withdrawal rate was well below last year’s 230-bcf draw. Read the Rest…
Natural Gas Loses Yesterday’s Gains
According to a report from Dow Jones Newswires, natural-gas futures prices were trading lower Friday on expectations that the rest of winter weather won’t be enough to put a dent in the oversupply of natural gas in storage. Prices failed to follow through on Thursday’s sharp 7.2 percent rise, as updated temperature outlooks show below. Read the Rest…
Natural Gas Inventories Overstretching Storage Capacity
In natural gas news, inventories continue to increase while prices continue to decrease. With an already robust natural gas supply and demand for natural gas-fired heating weak, analysts are starting to question whether there are even enough places to store U.S. inventories this year. Normally during the winter, the demand for natural gas rises as. Read the Rest…
Natural Gas Futures Fall Flat
Natural gas futures in New York fell to a 27-month low for a second straight day after the EIA’s report showed a smaller-than-average decline in U.S. stockpiles and on warmer weather expected ahead. Natural gas for January delivery fell 0.9 cent to $3.127 per million British thermal units on the New York Mercantile Exchange the. Read the Rest…
