NatGas Futures Steady After Big Rally; BC Pipe Rupture Still Crushing Western Canada Spot Prices

After punching their ballots in favor of a bullish outlook for natural gas prices Monday, futures traders more or less stood pat Tuesday awaiting indications of how the heating season’s first real cold stretch will impact balances. The December contract traded a few pennies to either side of even before settling 1.2 cents lower at $3.555/MMBtu. January added 0.8 cents to settle at $3.583, while February added 2.9 cents to $3.436. Read More

Winter Arrives for Natural Gas Markets as Futures, Spot Rally Sharply on Medium-Range Cold

Intense colder trends in the medium-range forecast over the weekend had natural gas markets bracing for winter Monday; futures rallied decisively, with the prompt month soaring to its highest price level since January 2018. Physical markets followed suit with gains of 30-50 cents the norm across much of the Lower 48. The NGI Spot Gas National Avg. climbed 32.5 cents to $3.180/MMBtu. Read More