Articles Tagged with ''market''

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Stampede Ends for Natural Gas Bulls as Futures Drop Ahead of EIA Storage Report; Cash Mixed

After a promising start, natural gas bulls came up short in extending their streak as lackluster weather demand and indications of steep losses ahead from the liquefied natural gas (LNG) sector stopped the rally dead in its tracks. After touching a $1.889 intraday high, the June Nymex gas futures contract slid for the remainder of Wednesday’s session and ultimately settled at $1.771, down 5.9 cents on the day. Read More
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Extensive Sell-Off for Natural Gas Futures as Tetco Production Largely Rerouted; Cash Slips Too

In one fell swoop, natural gas futures on Wednesday erased all of the previous day’s gains resulting from a pipeline explosion on one of the Lower 48’s oldest natural gas pipelines. With much of the impacted production on that line being rerouted, the June Nymex gas futures contract plunged 19.0 cents to settle at $1.944. July tumbled 14.1 cents to $2.171. Read More
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Warmer Turn in Weather Models Ends Rally for Natural Gas Futures; Cash Slides in West

The saying goes that all good things must come to an end, and for the natural gas market, that happened on Wednesday as prices retreated following a three-day rally that sent the prompt month some 30 cents higher. With a warmer turn in the latest weather forecasts, the May Nymex gas futures contract settled at $1.783, down 6.9 cents day/day. June fell 5.3 cents to $1.896. Read More