natural gas futures brokers

natural gas futures brokers

June 14th, 2016

U.S. natural gas prices remain near 9-month highs

U.S. natural gas futures held near the prior session’s nine-month highs on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. over the next two weeks continued to provide support.

Natural gas for delivery in July on the New York Mercantile Exchange tacked on 1.0 cent, or 0.39%, to trade at $2.594 per million British thermal units by 14:35GMT, or 10:35AM ET.

A day earlier, natural gas futures rallied to $2.635, the most since September 29, as warmer weather lifted cooling demand prospects for the fuel.

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natural gas futures brokers

natural gas futures brokers

November 19th, 2015

Natural gas futures turned higher on Thursday, after data showed natural gas supplies rose less than expected last week.

Natural gas for delivery in December on the New York Mercantile Exchange tacked on 2.6 cents, or 1.13%, to trade at $2.374 per million British thermal units during U.S. morning hours. Prices were at around $2.335 prior to the release of the supply data.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended November 13 rose by 15 billion cubic feet, below expectations for an increase of 18 billion.

That compared with builds of 49 billion cubic feet in the prior week, 40 billion cubic feet in the same week last year, while the five-year average change for the week is an increase of 30 billion cubic feet.

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November 16th, 2011

Natural gas futures declined for a fifth day on Tuesday, falling to the lowest level since October 2010 as warm temperatures and concerns about growing U.S. inventory levels continued to weigh on sentiment.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.442 per million British thermal units during U.S. morning trade, shedding 0.34%.

It earlier fell by as much as 1.05% to trade at USD3.417 per million British thermal units, the lowest price since October 22, 2010.

Since the beginning of November, natural gas futures have fallen nearly 13%, as mild weather in key gas-consuming regions in the U.S. limited early-season heating demand.

The Commodity Weather Group said earlier that the U.S. East Coast was expected to be warmer-than-normal next week. Temperatures in the region could be 3-to-8 degrees Fahrenheit (1.6 to 4.4 Celsius) higher-than-normal, according to the firm’s six-to-ten-day weather outlook.

Natural gas futures prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts for late October and early November on heating demand.

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