Market Information

Market Information

The February 2017 NYMEX natural gas futures contract traded lower for a 4th consecutive session on Wednesday. The contract opened at $3.317/dth and traded between $3.358 and $3.236. It settled the day at $3.267, down 6 cents/dth. Market analysts expect a withdrawal of approximately 80 Bcf from US natural gas storage inventory for the week ended 12/30/16. A draw at this level would be smaller than last year's pull for the same time period. The EIA will release the weekly storage report today at 10:30 AM. The prompt month crude oil contract gained 93 cents and ended the day at $53.26/barrel. Below normal temperatures are forecast for much of the country through the 5 day range. Weather forecasters have predicted above normal temperatures across the southern half of the country and the northeast during the 6-10 day range.

Storage Report


Weather Forecast

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