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Daily Market Update July 5, 2019

Early Morning Update

The Aug19 natural gas contract is trading up $0.04 at $2.33.  The Aug19 crude oil contract is down $0.84 at $56.50.



On Wednesday, the NYMEX NG contract traded up $.05 to close at $2.29 ahead of the July 4 holiday.  Because of the holiday, the EIA reported it’s weekly storage report one day earlier and the build was slightly higher than expectations at 89 Bcf.  Warmer weather has been the primary driver of the (slightly) higher prices.  Higher than average temps are still forecast along the east coast for the next two weeks and demand for NG should remain high during this period.  
For today, the markets are likely to be quiet as many traders took the day as vacation, and liquidity should be low this afternoon.  


Market Update070519 

Market Settles 070319

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