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Storage Supports Natural Gas Futures Gains as Cooler Forecast Tempers Rally

Concerns over meager storage stockpiles helped the natural gas futures market shake off cooler weather trends Tuesday as prices gained modestly for the fall and winter contracts. In the spot market, most regions strengthened as Henry Hub gained in line with prompt month futures, while pricy locations in California and the Desert Southwest moderated; the NGI National Spot Gas Average finished 7 cents higher at $2.97/MMBtu. Read More

September Natural Gas Down, but Storage Concerns Remain Supportive; Spot Gas Marginally Higher

Ongoing concerns about having adequate storage supplies ahead of the winter season kept a firm floor under natural gas prices Monday, even as production was close to setting a new record and weather outlooks showed cooler temperatures in the days and weeks to come. The Nymex September gas contract settled at $2.93, down 1.4 cents on the day. Read More