News broke today that increases in production and storage have led the IEA to project the U.S. will be a net exporter of natural gas and crude oil by 2020 (click here). In response, December natural gas ran at the upside while December crude spiked but traded mostly sideways on a downward trajectory on the day.
December front-month crude traded between $85.27 and $86.54 today -- closing 0.42 lower on the day to $85.65.
December front-month natural gas gained nearly a dime today before easing late. Range was $3.47 to $3.60 on the day -- 0.07 higher on the day to $3.57.
This comes as the Dow found traction toward the good through the morning, but slid to show a slight day's decline of 0.23 to 12,815.16.