Bill Burson

December natural gas is expected to open 3 cents higher Friday morning at $2.96 as overnight weather models suggest increasing cold Canadian air short term. Overnight oil markets rose.

December natural gas is expected to open 4 cents higher Thursday morning at $2.93 as weather models suggest a pattern leading to additional cold. Overnight oil markets were mixed.

December futures rose Thursday following a report by the Energy Information Administration (EIA) showing a storage injection of 65 Bcf, about 3 Bcf greater than consensus estimates.

Physical markets rebounded from Wednesday’s drubbing and natural gas for Friday delivery sported double-digit gains at most locations. Strength was seen across the board from Texas, Louisiana, the Midcontinent, Midwest, Rockies and California.

December natural gas is expected to open a penny higher Wednesday morning at $2.91 as overnight weather data turned slightly cooler. Oil markets gained ground.

Natural gas bidweek trading for November was a study in contrasts, with double-digit losses in the nation’s midsection balanced by hefty gains in Appalachia, the Northeast, Rockies and California.

Physical natural gas for Thursday delivery took another step lower in Wednesday trading as steep declines in New England and Mid-Atlantic prices tugged the market lower.

December natural gas is set to open 3 cents lower Tuesday morning at $2.94 although near term weather forecasts turned slightly cooler elevating heating load. Overnight oil markets sagged.

There were a lot more tricks than treats handed out in Tuesday trading as both physical and financial markets seemed stuck in reverse.