Alex Steis

With the news that a bit more natural gas than had been expected was injected into storage for the week ending April 22, traders pushed June futures lower on Thursday morning, perhaps in an effort to align the newly minted prompt month with where the May contract terminated on Wednesday. For a second consecutive day, cash prices were a mixed bag and relatively quiet as traders are likely already focused on next-month deals.

With the news that a bit more natural gas than had been expected was injected into storage for the week ending April 22, traders pushed June futures lower on Thursday morning, perhaps in an effort to align the newly minted prompt month with where the May contract terminated on Wednesday.

National next-day natural gas cash prices were muted and mixed on Wednesday for Thursday delivery as most of the attention on the day was directed toward the May futures contract’s expiration and Thursday morning’s fresh round of storage data. As for May Bidweek, prices are looking like they might jump a bit over April levels.

National next-day natural gas cash prices were muted and mixed on Wednesday for Thursday delivery as most of the attention on the day was directed toward the May futures contract’s expiration and Thursday morning’s fresh round of storage data. As for May Bidweek, prices are looking like they might jump a bit over April levels.

Physical natural gas values for the two-day April trading week that ended Friday saw gains nearly across the board, led by the Northeastern region, which was expected to see one last shot of winter cold over the weekend.

In accordance with FERC Order No. 809, Intercontinental Exchange (ICE) intends to comply by making a number of changes, which will go into effect for trade date March 31.

Following the across-the-board drubbing physical natural gas market values took on Thursday for Friday through the weekend delivery, trading on Friday for Monday flow scored healthy gains across the nation except for a few outliers in the volatile Northeast.

U.S. physical natural gas prices for the four-day trading week ending Thursday produced mixed results, with small gains in Texas, flat California trading and small losses nearly everywhere else dwarfed by fall-off-a-cliff declines for much of the Northeast. NGI’s National Spot Gas Average for the week finished at $2.11, down 17 cents.

The natural gas futures market was largely unimpressed with Thursday morning’s storage report, which revealed that 211 Bcf was removed from underground storage for the week ending Jan. 22.