Markets

Long-Range Warming, Record Production Send Nymex Natural Gas Futures Plunging

Despite significant cold in medium-range weather outlooks, natural gas futures prices plummeted Monday as milder risks showed up in longer-range forecasts and production reportedly set fresh highs during the weekend. The Nymex November futures contract fell 11.2 cents to $3.138, while December dropped 9.5 cents to $3.214 and the winter strip (November-March) plunged 9.5 cents to $3.173. Read More

November Natural Gas Plunges 12 Cents as Cold Seen Breaking Down; Spot Gas Crashes

A pullback in heating degree days for the end of October/early November laid the groundwork for a dramatic sell-off in natural gas futures Thursday that was further pressured by Lower 48 gas production returning to near record highs in recent days. With no surprises on the storage data front, the Nymex November gas contract went on to settle at $3.198, down 12.2 cents. Read More