LIV: Commodities: Nat Gas dives on Bearish inventory data
Commodities: Nat Gas dives on Bearish inventory data
Commodities are mixed this morning with the dollar index now back in negative territory.
Natl gas futures are in the red and fell as low as 3.01/MMBtu, but remains 14% higher on the week. Just ahead of the weekly inventory data, nat gas was down 1.4% at 3.02/MMBtu.
But following the data, Nat Gas dove to a new session low as the build of 27 bcf came in above expectations of 25 bcf. In current trade nat gas is -1.6% at 3.01/MMBtu.
Oct Crude Oil has been in positive territory so far Thursday. Earlier, Crude Oil rallied sharply, rising about 1.40 bbl in about 30 mins on fears over an Israeli attack on Iran. Crude Oil has since pulled back and is now +1% at $97.94 bbl.
Precious metals are lower with Silver far under performing Gold.
Dec Silver just fell through the 33 level, hitting 32.92 for a session low, and is now trading 0.8% lower at 33.03 oz.
