Tropical storms downgraded, natural gas not affected

Oil and gas futures cam down but not natural gas

Oil and gasoline futures came down substantially on Thursday as people realized the tropical storms reaching the gulf had died down enough to not be considered dangerous. There is now no fear of them hitting the refineries as they have been down graded below the tropical storm levels they were at. 

Investors have started to pay more attention to the struggling economy and the falling stock market rather then where oil and gas futures are going.

Natural gas ended higher even though large surpluses were reported in the storage report

Natural Gas futures ended higher after several ups and downs despite the government surplus report showing a large inventory of Natural Gas in the ground. The Natural Gas inventories have been growing larger then expected and as an energy trader you would expect this would cause energy futures to start coming back down but this has not happened yet.

Tropical storm Erin appeared spared most of the Gulf Coast oil and gas infrastructure.  Tropical storm Dean is expected to pass to the south of the Gulf, making landfall on Mexico’s Yucatan Peninsula.