The January 2019 NYMEX natural gas futures contract opened at $4.450/dth and traded between $4.489 and $4.271. The contract settled 14.2 cents lower, ending the day at $4.327/dth. Market analysts are expecting a withdrawal of approximately 60 Bcf from US natural gas storage inventory for the week ended 11/30/18. The EIA will release its weekly natural gas storage report today at 10:30 AM. The January crude oil contract ended the day at $51.49, down $1.40/barrel. Below normal temperatures are forecast for much of the eastern half of the country during the 5 day range. Warmer temperatures are expected during the 6-15 day outlook.
Any market recommendations conveyed by NFR represent the opinions of the authors. Such opinions are subject to change without notice. The information provided is taken from sources we believe to be reliable, but it is not guaranteed by us as to the accuracy or completeness thereof and is sent to you for information purposes only. Taking commodity price positions involves risk and should be considered carefully.