Storage

Volatile Day for October Natural Gas as Market Fixated on Florence, Storage Data

October natural gas appeared ready to stage a third day of solid gains as the prompt month rose 4 cents Wednesday morning but then retreated throughout the remainder of the session as traders began to consider the potentially devastating effect Hurricane Florence could have on natural gas demand in the coming weeks. The Nymex October futures contract ultimately settled at $2.829, up just one-tenth of a cent on the day. November and December slipped less than a penny to $2.82 and $2.91. Read More

Natural Gas Futures Down Again as Forecasters Spot Cooler Short-Term Trends; Waha Basis Strengthens

Natural gas futures continued to slide Wednesday, with the market anticipating the start of the shoulder season as lingering summer heat looked less impressive in recent guidance. In the spot market, West Texas basis strengthened for the second straight day as East Coast points pulled back; the NGI National Spot Gas Average fell 3 cents to $2.78/MMBtu. Read More