Natural gas rallies as cold US weather returns
February 21, 2014 8:36 amVideo
Latest News
- Video market update for May 01, 2024 May 1, 2024
- What do Q1 earnings hold for Disney’s stock? – Stock Markets May 1, 2024
- Will the post-FOMC jobs report move the dollar? – Preview May 1, 2024
- Forex forecast 05/01/2024: EUR/USD, GBP/USD, USD/JPY, SP500 and Oil from Sebastian Seliga May 1, 2024
- Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed May 1, 2024
- Technical Analysis – Gold seeks safety after Tuesday’s drop May 1, 2024
- Technical Analysis – USDJPY stabilizes a tad below 160.00 May 1, 2024
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
- Trading Signals for Bitcoin (BTC/USD) for April 30 – May 7, 2024: sell below $62,500 (21 SMA – 4/8 Murray) April 30, 2024
- Trading Signals for Ethereum (ETH/USD) for April 30 – May 7, 2024: sell below $3,177 (21 SMA – 1/8 Murray) April 30, 2024
- Technical Analysis – Is US 100 setting course for new record highs? April 30, 2024
- EUR/USD. April 30th. Sellers await weak inflation data in the EU April 30, 2024
- GBP/USD. April 30th. Bulls continue to attack, but American reports could help the bears April 30, 2024
Natural gas futures leaped on Friday following its losses in the last session, despite forecasts of further cold US weather. But oil prices dived, following the US crude inventories displayed a growth of 1 million barrels last week March natural gas profited 9 cents or 1.5%, to $6.16 per million British thermal units in electronic trading.
Prices yesterday sank 8.5 cents or 1.4%, to $6.06 per million British thermal units on the New York Mercantile Exchange, following the US Energy Information Administration (EIA) reported a drop of 250 billion cubic feet in natural gas storage for the week ended February 14, in light with market anticipations.
On Thursday, the Weather Channel anticipated much chillier air spreading across the Northeast US this weekend, returning temperatures to below average. It added Arctic cold would overtake much of the Midwest US this weekend and in next week.
The total supply level of natural gas was at 1,436 billion cubic feet for the week ended Feb. 14, based on the EIA report.
Meanwhile, April crude oil futures, the front-month contract, plunged 2 cents to $102.73 a barrel. April crude prices on Thursday slid 9 cents or 0.1%, to settle at $102.75 per barrel on the Nymex, after the EIA said crude supplies increased 1 million barrels for last week. Figures from the American Petroleum Institute had reportedly put the weekly decrement at 473,000 barrels in crude supplies, as compared to a Platts prediction for a raise of 1.9 million barrels.
The March crude oil futures missed 39 cents or 0.4%, to $102.92 per barrel on Thursday in their last day of trade on the Nymex. April Brent crude stayed almost flat at $110.27 a barrel, following a 0.2% loss in the past session.
March heating boil prices and March gasoline also moved slightly, set at $3.18 per gallon and $2.85 per gallon, respectively.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: