BR: Natural Gas Moves Back To Unchanged Line Following Inventory Data
[BRIEFING.COM] November crude oil bounced off morning lows of $74.79 per barrel and is back into positive territory. Ahead of weekly inventory data, which will be released at 11:00ET, crude is trading 0.2% higher at $75.36 per barrel.
November natural gas has been tracking crude, but spiked off its morning lows of $4.373 per MMBtu and into positive territory and new session highs of $4.561 per MMBtu. Ahead of inventory data, natural gas was trading 2.3% higher at $4.54 per MMBtu. Following the data, which showed a build of 58 bcf (consensus called for a build of 52 bcf) natural gas fell back to the unchanged line and is currently 0.2% higher at $4.447 per MMBtu.
The US Dollar Index moved back near the unchanged line, but precious metals remain in negative territory.
December gold put in lows of $1047.40 per ounce and is currently trading down 0.8% at $1055.9 per ounce. December silver hit lows of $17.36 per ounce this morning and is trading at $17.635 per ounce, down 1.5%.