Natural gas back at mid-$3 on modest storage build, impending data blackout
jumped 3% on Thursday, returning to the mid-$3 perch held two weeks ago, amid a smaller-than-expected storage build for last week and as bulls sought a hedge against concerns about an impending data blackout on associated gas production until mid-November.
The most-active December gas contract on the New York Mercantile Exchange’s Henry Hub settled up 10.1 cents at $3.477 per mmBtu, or million metric British thermal unit, after reaching as high as $3.543 during the session.That was still higher than the 61-bcf injection seen during the same week a year ago and the five-year average increase of 66 bcf for this time of year. But it was lower than the 80-bcf build forecast by Wall Street’s analysts who follow natural gas.
“The EIA’s storage report came in at 74 Bcf, lower than the analyst average,” Gelber & Associates, a Houston-based advisory on energy trading, said. “Near term contracts along the forward curve saw a boost in price similar to the front-month contract in response to the will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Natural Gas Above $3 Requires Braving Record Output, UnHelpful Chart/WeatherCommodities Analysis by Investing.com (Barani Krishnan) covering: Natural Gas Futures, WisdomTree Natural Gas 1x Daily Short, TR/CC CRB Natural Gas, iPath® Bloomberg Natural Gas Subindex Total Return(SM) ETN. Read Investing.com (Barani Krishnan)'s latest article on Investing.
Leer más »
NY natural history museum changing how it looks after thousands of human remains in collectionThere are stories in the human bones at the American Museum of Natural History. They tell of lives lived—some mere decades ago, others in past centuries—in cultures around the world.
Leer más »
Natural Gas prices in risk premium again as Israel is ready to invadeNatural Gas has recovered in the wake of rumours and now firm confirmation that Israel is ready to go ahead with its ground assault. Despite several v
Leer más »
NY natural history museum changing how it looks after thousands of human remains in collectionThe American Museum of Natural History says it is pulling all human remains from public display and will revamp how it maintains its collection of body parts with the aim of eventually repatriating as much as it can and respectfully holding what it can’t.
Leer más »
NYC’s Museum of Natural History to pull human remains from public displayThe American Museum of Natural History in New York has announced its decision to remove all human remains from public display. The removal will impact thousands of remains.
Leer más »
American Museum of Natural History making changes after thousands of human remains in collectionThere are stories in the human bones at the American Museum of Natural History. They tell of lives lived - some mere decades ago, others in past centuries - in cultures around the world.
Leer más »