California Leads NatGas Cash Lower; Futures Steady Post Storage Stats

Physical natural gas broke to the downside Thursday as next-day price gains in the Northeast and Appalachia were unable to stave off broad declines in the Rockies, California, Texas, Louisiana, the Midcontinent and Midwest. Particularly hard hit was southern California as the recent heat wave in the region was forecast to dissipate. The NGI National Spot Gas Average fell 5 cents to $2.67. Read More

Bullish NatGas Storage Injection No Match for Waning Heatwave as Forwards Dip Last Week

Natural gas forward prices for July fell an average 2.8 cents between June 9 and 15 as a late-week rally failed to overcome earlier market weakness. Still, Thursday’s more than 12-cent surge offered a glimmer of hope to the market that had, up until this point, had little reason to believe $3 gas was all but in the rearview mirror, according to NGI’s Forward Look. Read More

NatGas Cash Posts Solid Gains; July Futures Punch Through $3

Both the physical natural gas and futures markets erased the memories of Wednesday's down day and returned to the win column in Thursday's trading. Modest weakness of a few points in the Midwest, Southeast, and Northeast was countered by gains of a few pennies upwards to a dime at most market points. The NGI National Spot Gas Average 2 cents to $2.65. Read More