After United States Fed Chair Powell speech, NYMEX Gas trades at $2.66

NYMEX Natural Gas today at a glance: Natural Gas trades at $2.66 per MMBtu, after ending yesterday at $2.67. NYMEX Natural Gas is currently trading at $2.66 following the release of Fed Chair Powell speech data from the United States.

Heating Oil moves 0.17% to trade around $2.41.

Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.76 million with a reading of -9.60 million. United States 7-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.839, while the previous figure was 3.827.

As things stand, upcoming United States GDP data is projected to fall short of market expectations with newly published data of 1.4, following on from the preceding figure of 2.6. New data is set to be published today at 12:30 UTC. United States Initial Jobless Claims projected to come out at 266,000 — worse than previous data of 264,000; data will be released today at 12:30 UTC.

NYMEX Gas has fallen back around 72.44% from the significant high of $9.68 set 10 months ago.