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Conditions apply: US Natural Gas storage may reach 3.8 Tcf in October

Discussion in 'Trading Strategies & Systems' started by harreymartin, Jun 29, 2013.

  1. harreymartin

    harreymartin New Member

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    Last week, natural gas continued its negative trend with the August contract falling 4.6% w/w and falling below $3.75/mmBtu despite a hotter weather forecast for the near term. NYMEX natural gas prices for August delivery settled down by 0.40% at $3.568 per mmBtu on Friday.

    LONDON : US natural gas storage by end of October may reach 3.8 Tcf provided there are no weather anomalies, average coal displacement remains wedded to 1.8 Bcf/d for the period stretching May to September and supply demand dynamics stay a normal course, stated London based Barclays in its recent market analysis.

    Last week, natural gas continued its negative trend with the August contract falling 4.6% w/w and falling below $3.75/mmBtu despite a hotter weather forecast for the near term.

    NYMEX natural gas prices for August delivery settled down by 0.40% at $3.568 per mmBtu on Friday.

    Higher than expected natural gas inventories are also putting pressure on the commodity movement to certain extent.

    Read more: http://harreymartin.blurpalicious.c...ural-gas-storage-may-reach-3-8-tcf-in-october

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    #1 harreymartin, Jun 29, 2013
    Last edited: Jun 29, 2013
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