Friday, May 8, 2015

Natural Gas Market Update : Epic Research Singapore

Natural-gas prices settled lower after the U.S. Energy Information Administration reported that supplies rose by 76 billion cubic feet for the week ended May 1. Analysts surveyed by Platts forecast a climb of between 72 billion cubic feet and 76 billion cubic feet.

June natural gas NGM15, -0.11%  settled at $2.734 per million British thermal units, down 4.2 cents, or 1.5%. It was trading higher at around $2.79 before the report. 

On Nymex, prices for June gasoline RBM5, +0.17%  fell 4.6 cents, or 2.3%, to $1.99 a gallon. June heating oil HOM5, +0.04%  lost 5.4 cents, or 2.7%, to $1.96 a gallon.

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