BF: Natural Gas Falls to New Session Lows Following Inventory Data
[BRIEFING.COM] Weakness in the dollar index this morning is providing mixed results in the commodities space.
September natural gas was in positive territory all session, excluding a brief moment when it dipped in the red, ahead of today's inventory data. Ahead of the data, the energy component was just above the unchanged line. Following the data, which showed a build of 40 bcf versus consensus of 38 bcf, natural gas sold off to new session lows of $3.79 per MMBtu and is currently 1.5% lower at $3.81 per MMBtu. October crude is trading near recently hit session highs of $73.76 per barrel after trading in positive territory so far in today's session. Currently, crude is trading 1.2% higher at $73.38 per barrel.
Precious metals are mixed in current trade after gold fell into negative territory and hit new session lows of $1237.520 per ounce. Currently, the yellow metal is trading just under the flat line at $1239.50 per ounce. September silver has been in positive territory for the vast majority of the last four hours. Silver hit new session highs of $19.17 per ounce around 8:20am ET, about an hour and a half after gold hit its own. Despite weakness in gold this morning, silver is trading 0.4% higher at $19.11 per ounce.