natural gas prices july 2015, weight of natural gas

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natural gas prices july 2015 US Pure Gas Inventories: Smallest Fall Since 2017

January US natural fuel (UGAZ) (DGAZ) futures contracts rose 0.Forty eight% to $2.Sixty nine per MMBtu (million British thermal models) at 1:22 AM EST on December 15, 2017. Costs rose attributable to short protecting. The Power Choose Sector SPDR ETF (XLE) fell 0.3% on December 14, 2017, which is influenced by oil and gas prices.

Equally, the E-Mini S&P 500 (SPY) futures contracts for March delivery rose 0.12% to 2,659.25 at 1:22 AM EST on December 15, 2017.

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US pure fuel inventories
The EIA launched the weekly natural fuel storage report on December 14, 2017. US pure gasoline inventories fell by sixty nine Bcf (billion cubic ft) or 1.8% to three,626 Bcf on December 1-8, 2017, in keeping with the EIA. The inventories additionally fell by 201 Bcf or 5.Three% yr-over-12 months.

A Reuters poll estimated that US pure gasoline inventories would have fallen by 60 Bcf on December 1-8, 2017. US natural gasoline (UNG) prices fell on December 14, 2017, as a consequence of a smaller withdrawal in US pure natural gas prices july 2015 fuel inventories in comparison with historic averages. It was also the smallest weekly withdrawal in pure gasoline inventories for this interval of the year since 2015. For extra on pure gas costs, read Part 1 of this collection.

US pure gas (FCG) futures are close to a ten-month low. They’ve fallen virtually 25% 12 months-to-date. Lower pure gas (GASL) prices have a unfavourable affect on oil and gas producers (FENY) (FXN) like Rex Energy (REXX), Rice Vitality (RICE), Exco Sources (XCO), and Antero Sources (AR).

Historical context
US natural gasoline inventories’ 5-12 months common withdrawal for this time of the 12 months was at 78 Bcf. The inventories fell by 132 Bcf throughout the identical week last yr. Nevertheless, the inventories rose by 2 Bcf for the week ending December 1, 2017.

US natural gasoline inventories are 0.7% beneath their five-year average for the week ending December 8, 2017. They have been three.1% beneath their 5-12 months common for the week ending November 17, 2017. Any increase in US natural gas inventories above their five-year average would weigh on pure gas (FCG) costs.

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