Market Information

Market Information

The October 2017 NYMEX natural gas futures contract continued higher for a 3rd consecutive session.Warmer temperature forecasts for September supported the upward move.The contract opened at $2.996/dth and traded in an 8.3 cent range between $2.995 and $3.078.It settled 5.7 cents higher, ending the day at $3.058/dth.The contract has gained 16.8 cents during the last 3 trading days.Market analysts are expecting an injection of approximately 85 Bcf into US natural gas storage inventory for the week ended 9/8/17.A build at this level would be larger than last year's injection of 58 Bcf and larger than the 5 year average of 63 Bcf.The EIA will release its weekly natural gas storage report today at 10:30 AM.The October crude oil contract ended the day at $49.30, up $1.07/barrel.

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