Natural gas futures are rising more than 1% to close out the trading week, despite the US government reporting a surprising increase in domestic inventories. Natural gas prices have had a roller coaster of a week, but they are on track to record a weekly gain amid potentially damaging weather events in the Gulf of Mexico. January natural gas futures advanced $0.044, or 1.42%, to $3.138 per million British thermal units (btu) at 14:54 GMT on Thursday on the New York Mercantile Exchange. The energy commodity will settle the week with a 3% surge, adding to its year-to-date rally of 43%. According to the US Energy Information Administration (EIA), domestic stockpiles of natural gas rose by eight billion cubic feet for the week ending November 6. The ...
from
http://financialnewshub.com/natural-gas-rises-1-despite-unexpected-supply-build/
No comments:
Post a Comment