Archive for November 2019

NYMEX Natural Gas contract for Dec 2019 was trading $+0.003 cents to $2.562/MMBtu as of 10:44 EST. • EIA reported a withdrawal of 94 Bcf, above the consensus of 91 Bcf but within the range that was forecasted. • Gas withdrawal of 94 Bcf for the past week were lower than last year’s -109 Bcf…

Traders Show No Fear November is the start of the traditional heating season. We started this November with some cold temperatures. The arrival of these frosty temperatures created a spike in gas prices. Fortunately, the rally was short-lived. Today’s update covers the first two weeks of trading from November 1, 2019, to November 15, 2019.…