Natural gas prices continue to change in a very erratic behavior as the New York City Gate Spot fell for the third straight day, this time by over 29% and thus completing a fall from 10.49 $/MMBTU at the beginning of the week to 5.8 $/MMBTU as of yesterday, a total 4.69 $/MMBTU decline; The Henry Hub Spot also fell yesterday, however at a much lower rate, with a 3.4% decline; and finally, the Nymex Henry Hub Future continue its zigzag behavior, and after dropping on Tuesday by 4.25%, yesterday it rose by 2.5%.
Later on today the EIA (Energy information Administration) will publish its weekly report about natural gas storage and consumption for the passing week. To see my review on last week’s review about the EIA on crude oil stocks click here.
Precious metals after rising all week, Gold and Silver prices slowed down a bit their increase and showed small decreases.
In the following table are the main descriptive data from last business day – December 22nd including: settled prices, the daily percent change compare to previous business day, and the quantitative change in US dollars for each of these prices and exchange rates (except for USD/CAD, in which the change is in Canadian dollars):
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