Winners were able to maintain a slight numerical advantage over losers, but when the averages were tallied the NGI Weekly Spot Gas Average came in at $4.21, down 6 cents for the week ended May 23. Most points were within a dime of unchanged. Of the actively traded points, Tennessee Zone 4 Marcellus made the greatest gains adding 12 cents to $2.24, but Northeast losses were far greater. Weekly quotes on Iroquois Zone 2 fell 37 cents to $4.22 and were closely followed by a decline of 34 cents to $3.54 at the Algonquin Citygates.
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Articles from Bill Burson
All Eyes On Weekly Inventory Stats; June Seen A Penny Higher
June natural gas is set to open a penny higher Thursday morning at $4.48 as traders hone their short-term trading algorithms and expect the season’s second triple-digit increase in working gas inventories. Overnight oil markets were mixed.
May 22, 2014
Bulls Circling the Wagons Following EIA Storage Data
Natural gas futures plunged following the release of government storage figures Thursday morning that were on the high side of what the market was expecting.
May 22, 2014
Cash, Futures Decline After Second Triple-Digit Storage Build
Physical gas for Friday delivery retreated broadly in Thursday’s trading. Only a handful of points made gains, and most locations were off a nickel to a dime although some in the Northeast and a few other spots fell by double digits.
May 22, 2014
‘Hyped’ Market Called A Penny Higher
June natural gas is expected to open a penny higher Wednesday morning at $4.56 as traders reassess recent weather forecasts and balance those against expectations of near-term storage injections that are likely to soften the market. Overnight oil markets rose.
May 21, 2014
Midwest, California Lead Modest National NatGas Cash Gains; Futures Retreat
Physical gas prices for Thursday delivery staged a modest advance Wednesday, with nearly all points in the black by a few pennies up to a nickel. Those few locations that eased did so on light volume and slipped just a penny or two.
May 21, 2014
Technicians Looking to Sell; June Called 2 Cents Higher
June natural gas is set to open 2 cents higher Tuesday morning at $4.49 as traders balance expectations of a plump gas storage injection report on Thursday with the outlook for above-normal temperatures in major energy markets next week. Overnight oil markets were narrowly mixed.
May 20, 2014
Futures Gains Outpace Modest Physical Moves; June Jumps 8 Cents
Physical gas for delivery Wednesday moved modestly higher with market moves for the most part confined to advances of less than a nickel. Only a few locations reported declines. The market largely reflected relatively benign conditions of modest temperatures, maintenance, and lack of price-moving cooling load.
May 20, 2014
New York, Chicago Warming; June Seen 5 Cents Higher
June natural gas is expected to open 5 cents higher Monday morning at $4.46 as traders see a modest warming trend over major population centers. Overnight oil markets firmed.
May 19, 2014
Physical Gains Go Toe-To-Toe With Firm Screen; June Adds 6 Cents
Physical gas prices overall elected to match the screen stride for stride overall in Monday’s trading. Eastern points managed the greatest gains and although temperature forecasts gave little incentive to purchase gas, when adjusted for humidity major metropolitan areas were expected to be well over 80. Northeast, Marcellus, and Mid-Atlantic locations all posted healthy double digit gains.
May 19, 2014