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…
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Tag: ‘Natural Gas Storage Report’
Larger-than-Expected Draw in Natural Gas Inventories
Any gains made on Thursday fizzled Friday as traders focused on larger-than-average natural gas inventories. As a result, natural gas for January delivery settled down 14 cents, or 4.1 percent, to $3.317 a million British thermal units on the New York Mercantile Exchange. The settlement was the lowest since Nov. 18, when front-month futures sank. Read the Rest…
Natural Gas Futures Lose Last Week’s Gain
Forecasters call for still more mild winter weather into mid-December. As a result, natural gas prices have fallen 5.1 percent the past two sessions. Natural gas for January delivery ended the day down 12.3 cents, or 3.4 percent, at $3.461 a million British thermal units on the New York Mercantile Exchange. The January contract fell. Read the Rest…
Natural Gas Ends Week in Series of Sell-Offs
Natural gas futures for December delivery ended the day down nearly 3% – prompting a flurry of sell-offs. After a minute rebound Thursday, prices struggled today and closed at $3.316 a million British thermal units on the New York Mercantile Exchange. December futures have lost 12% of their value since they came on the board. Read the Rest…
Natural Gas Futures Slip on Oversupply
The U.S. Energy Information Administration released in its weekly report that stored inventories grew by 37 billion cubic feet, exceeding the forecast of a 32 bcf injection. The growth brought the total amount of stored natural gas to 3.831 trillion cubic feet, just shy of last year’s record of 3.837 tcf. With more growth in. Read the Rest…
