 |
Louisiana Light • 2 days | 77.96 | -4.14 | -5.04% | ||
|
Bonny Light • 1 day | 81.66 | +1.55 | +1.93% | ||
|
Opec Basket • 2 days | 82.75 | -1.41 | -1.68% | ||
|
Mars US • 26 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 24 mins | 2.259 | +0.029 | +1.29% |
|
Bonny Light • 1 day | 81.66 | +1.55 | +1.93% | ||
|
Girassol • 1 day | 82.43 | +1.64 | +2.03% | ||
|
Opec Basket • 2 days | 82.75 | -1.41 | -1.68% |
|
Peace Sour • 6 hours | 60.16 | +1.55 | +2.64% | ||
|
Light Sour Blend • 6 hours | 64.01 | +1.55 | +2.48% | ||
|
Syncrude Sweet Premium • 6 hours | 68.61 | +1.55 | +2.31% | ||
|
Central Alberta • 6 hours | 62.16 | +1.55 | +2.56% |
|
Eagle Ford • 5 days | 72.02 | -1.56 | -2.12% | ||
|
Oklahoma Sweet • 2 days | 71.50 | -0.75 | -1.04% | ||
|
Kansas Common • 2 days | 65.00 | -0.75 | -1.14% | ||
|
Buena Vista • 2 days | 80.98 | -0.43 | -0.53% |
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Hurricane Isaac Prompts Natural Gas Rally
Wednesday saw natural gas futures up nearly 1% on news that Hurricane Isaac would push more production offline and potentially damage the natural gas infrastructure in the affected region.
Nearly 72% of the Gulf’s natural gas output was suspended as of Wednesday, up 5 percentage points from the previous day.
Flooding remains the major concern for natural gas infrastructure in the area, but no long-term damage is expected.
Reuters reports that Isaac, the category 1 hurricane, is expected to move inland at a relatively slow 6 mph.
According to the Wall Street Journal on Wednesday, the front-month natural-gas contract for September settled at $2.634/MMBtu, up two cents, while the October natural-gas contract settled at $2.685/MMBtu, up 5.2 cents.
By. Charles Kennedy of Oilprice.com
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