• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Natural gas up almost 3%, highest since November; oil edges up on US jobs data

March 14, 20132:39 PM BOE Report Staff

Source: CME Group

Source: CME Group

By The Associated Press

NEW YORK, N.Y. – Natural gas rose almost three per cent Thursday, reaching its highest level since November as the U.S. government said supplies of the fuel are nearly 20 per cent below year-ago levels.

Oil rose slightly after positive U.S. jobs data, with benchmark West Texas Intermediate crude for April delivery up 51 cents to end at US$93.03 a barrel on the New York Mercantile Exchange.

Natural gas futures gained 13 cents, or 3.6 per cent, to finish at US$3.81 per 1,000 cubic feet. The government reported that natural gas in storage shrank by 145 billion cubic feet to 1.938 trillion cubic feet for the week ended March 8.

That’s 18.5 per cent below last year’s level, although still 11 per cent above the five-year average. Booming production created a glut that last year dropped natural gas to a decade-low price below US$2.

Addison Armstrong, senior director of market research at Tradition Energy, says forecasts for cold weather through the end of March in primary U.S. gas-consuming areas have helped prices as well.

Oil rose slightly Thursday as U.S. employment data supported the market, offsetting news about ample crude supplies and worries about the eurozone economy. Weekly U.S. jobless claims fell by a greater than anticipated 10,000 to 332,000, helping to sustain hopes about the U.S. labour market.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 90 cents to finish at US$109.42 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex, wholesale gasoline was unchanged at US$3.14 a U.S. gallon (3.79 litres), while heating oil picked up half a cent to end at US$2.93 a gallon.

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Higher oil prices boosting Alberta’s bottom line as budget looms
  • Crescent Point announces 2020 results and reserves
  • XI Technologies: M&A Snapshot – ARC Resources Ltd and Seven Generations Energy Ltd
  • Prairie Provident announces year-end 2020 reserves
  • New oil and gas jobs from BOE Report Jobs

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.