BR: Natural Gas Hits New Session Low Following Inventory Data
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[BRIEFING.COM] November natural gas fell into the red and new session lows of $3.88 per MMBtu ahead of today's inventory data. A quick rally in the dollar index, which moved it back near the unchanged line helped contribute to the fall in the dollar index. However, following the inventory data, which showed a build of 74 bcf versus consensus of a build of 68 bcf, natural gas sold off to fresh session lows of $3.78 per MMBtu, now at $3.83 per MMBtu, down 3.4%
November crude oil moved into positive territory around 5:30am ET and been there since. It even kept its strength when the dollar index rallied higher right at the start of pit trading. Crude hit session highs of $79.47 per barrel, a level not seen since August 11, about an hour ago and is now trading 1.8% higher at $79.24 per barrel.
Both December gold and December silver sold off just before the top of the hour, falling into the red and new session lows (Gold $1305.60 per ounce, Silver 21.81 per ounce). Gold is currently just above that low at $1307.80 per ounce, down 0.2%, while silver is lower by 0.5% at $21.85 per ounce.