Storage

April Flat as Traders Weigh Intensity of Looming Cold, Supportive Storage Data

Wednesday was another choppy day for natural gas futures, as traders didn’t quite know what to make of the latest weather outlooks for early March and what may be another supportive storage Energy Information Administration storage report. After spending much of the day in negative territory, the Nymex April gas futures contract settled its first day in the prompt-month position at $2.799, up three-tenths of a cent. Similar minute gains were seen through 2020. Read More

Natural Gas Bulls Fail to Gain Momentum as Outlooks Trend Colder; Spot Gas Mixed

The stars were aligned for natural gas bulls hoping to ride the wave of Tuesday’s gains as weather models continued to trend colder for the late February/early March period. But after hitting an intraday high of $2.689, the Nymex March gas futures contract slid from there, eventually settling Wednesday at $2.636, down 2.6 cents. April fell 2.8 cents to $2.669. Read More

Weather Models Shift Slightly Colder, Boosting Natural Gas Futures; Spot Gas Mixed

The long Presidents’ Day weekend was too much to bear for natural gas traders facing another cold blast that was set to linger through the week. With the latest forecasts showing more chilly weather to finish out the month, and the latest models intensifying that cold, the Nymex March gas futures contract settled Friday at $2.625, up 5.2 cents. April rose 4.6 cents to $2.656. Read More