Natural Gas Futures Climb To 1-week High On Cool U.S. Weather

Natural gas, increasing fuel demand caused by the weather forecast for the second time in a week on Tuesday, the day while the U.S. provides more than the growing concerns about deterioration in the Gulf of Mexico provides additional support.

New York Mercantile Exchange for delivery of natural gas increased by 1.18% in November term, U. S. USD 3890 per million British thermal units traded in the morning.

USD3.925 per million British thermal units before September 20 the highest since 2.2% of the transaction is.

Industry Group of the Federal MDA, the eastern states, predicts colder than normal through the first week of October, I said before, re-heating before the end of the month.

Major cities north of 50 degrees Fahrenheit during the low temperature range (4 to 10 degrees Celsius) to 40 degrees are likely to float.

"In many regions are expected to remain below normal, but cold at this time because it moves slowly fade," said forecasters.

Meanwhile, parts of Time Group, warmer temperatures than normal are expected in the southern U.S. states said in an episode of the cooling demand season, from September 28.

According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.

GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.

Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.

Natural gas prices have more support from the National Hurricane Center U. S. and then moved along the Pacific coast of Mexico, three storms, upgraded to Hurricane Hillary.

2.4%, to trade at USD2.869 per heating oil for November NYMEX in another part of the bag, sweet crude for November delivery term, rose to 3.94% of trade gallons of USD83. 41 a barrel.

Crude Oil Futures Decline As Global Growth Concerns Linger

Industry data showed crude oil in the euro area term after the debt crisis of concerns about the continuous, on Wednesday fell for the first time in three days last week, U.S. supplies of crude oil increased more than five weeks.

New York Mercantile Exchange, November for the delivery of light, sweet crude future of 0.96% from the European USD83.69 a barrel of oil traded in the morning.

USD82.67 per barrel earlier fell to 1.5% per day for at least commercially.

Market sentiment for EUR109 Greece, the country needs funds increased substantially in recent months between the rescue plan for the second growing concerns over the single currency have been affected following reports of a split in the bloc.

In addition to the nervousness of investors in Finland at the end of the day installing the potential increase in financial stability in Europe, was holding a vote.

Oil traders expected U.S. inventories of crude and refined products in the new weekly data of world oil consumption to measure the strength of oil demand.

Expected to show the data, while the supply of gasoline in the United States to increase by 1.1 million barrels of crude oil inventories rose 1.0 million barrels.

After the close of business Tuesday, the American Petroleum Institute, an industry group, said crude inventories rose 0.56 million barrels while gasoline supplies in the concerns of the United States by encouraging increase of 4, 6 million barrels in total energy demand of the United States was weakening.

According to the European Union, British Petroleum America amounting to about 16%, 21% of global oil demand in 2011 is.

Some light profit taking in oil prices amid fears about the global economic outlook on Tuesday after the rally of 5.3%, weighed.

Elsewhere in ICE Futures exchange, Brent with delivery in November the American equivalent of USD23.01 a barrel, trading USD106.70 a barrel rose to 2.66%.

Libya currently supplies of crude oil did not reach the market during the Royal Dutch Shell, Nigeria's oil production 25,000 barrels per day of strong gains in Brent is as close as.

Crude Oil Futures Hit 3-Day High on Hopes for EU Debt Plan

With crude oil futures in the EU hit a great hope for the level of debt 3 days

Gross-term policy in the euro area economy in the region to support the patient and provide a solution to the debt crisis currently will move to three days in the hope of rising, the single currency increased for the second day Tuesday in the block.

New York Mercantile Exchange, November for the delivery of light, sweet crude future of 2.85%, bringing European USD82.53 a barrel of oil traded in the morning.

Prior to USD82.60 a barrel, trading at the highest level since Sept. 22 fell to 2.93%.

A bank official of high rank said Monday after the market sentiment of the European Central Bank, the economy of the euro area, monetary policy to help facilitate the reduction of interest rates because speculation that the increases can not be ignored.

Also supports a sense, high level politicians EUR440 million from the European financial stability, the European Central Bank on exchange rate of liquidity, the ECB can be used as collateral for loans, he said.

According to British Petroleum in the euro area in 2010 was about 16% of world oil consumption.

Markets in the U.S. is waiting for new records for weekly updates of crude and refined products to measure the strength of oil demand, consumers of oil in the world.

Increase of 2.2 million barrels in crude stocks last week, the government can show the American Petroleum Institute report on Wednesday will release its report on inventories at the end of the day is planned to increase the gasoline supplies by 1.0 million barrels.

Some support to negotiate the purchase of light after oil prices fell to a seven-week low USD77.11 per barrel in the previous session

Create a cascading effect on the lender Barclays is a UK based, multi-action emergency oil when all other asset classes based on the horror hit the same economic climate, "a report said Monday active participation of technicians, prices fall precipitously, and a lack of respect for the underlying fundamentals. "

Elsewhere in ICE Futures exchange, Brent with delivery in November the American equivalent of USD23.14 a barrel, trading USD105.67 per barrel rose to 1.66%.

Natural Gas Futures Jump to 3-Day High on U.S. Weather Outlook

Natural gas for three days of U.S. aerial high jump

Warmer than normal weather forecasts for U.S. states in the south to at least about 11 months later, on Monday raised expectations of demand for the fuel gas to regain his strength.

New York Mercantile Exchange for delivery of natural gas in October 2:02% jump term, USD3.842 per million British thermal units is traded on the U.S. in the morning.

USD3.853 per million British thermal units before September 21 the highest since 2.2% of the transaction is. USD3.662 Thursday October contract reached a million British thermal unit for at least 11 months.

Time Group tracks, previously announced, the United States U. S. south than normal are expected final warm-season should lead to a cooling demand of September 28.

According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.

GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.

Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.

Gas to stimulate demand - despite a strong earnings, a lot of Wall Street Bank, Citigroup, the price of natural gas outside the unusually cold weather, should remain under pressure in the coming weeks "in a previous report, and heating -. Or a hurricane in the Gulf of Mexico production”

Mild weather reduces demand for natural gas, often in time of use of the oil peak before recovering heat in the winter in October, low season is reached.

Heating oil fell 0.12% in November to trade at USD2.812 per bag to another part of NYMEX, sweet crude for November delivery term, USD79.45 a barrel, trading shed gallons of 0.49%.