Natural gas prices continue to show erratic behavior as the New York City Gate Spot after falling all week by a total 44%, yesterday it bounced back by over 24% and thus settling on 7.2 $/MMBTU a 1.4 $/MMBTU rise; The Henry Hub Spot also bounced back yesterday, however at a much lower rate, with a 2.2% incline, after falling at the previous day by 3.4%; and finally, the Nymex Henry Hub Future continue its zigzag behavior, and after rising on Wednesday by 2.4%, yesterday it fell by 1.9%.
The EIA (Energy information Administration) didn’t publish its weekly report about natural gas storage and consumption for the passing week due to the holidays; we will have to wait for it next week. To see my review on last week’s review about the EIA on natural gas storage click here.
Yesterday, the Nymex Crude oil future price settled on 91.51 USD/b, and thus it reached a two year high.
Precious metals after rising all week, Gold and Silver prices slowed down their increase for the second day as they showed small decreases.
In the following table are the main descriptive data from last business day – December 23rd 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):
For further reading:
- The season of Gasoline prices & Crude oil stocks update –Dec 23 (in this site)
- Weekly outlook for Crude oil, Natural gas and Gold 20-24 Dec (in this site)
- Crude oil and Natural gas prices – Weekly recap 13-17 of Dec (in this site)