Physical natural gas for Wednesday delivery on average managed to climb in Tuesday’s trading as stout double-digit gains in New England and the East managed to overcome setbacks in West Texas, the Rockies and California. Most points outside of the Northeast, Appalachia, and the West Coast managed gains of a few pennies, and the NGI National Spot Gas Average rose 4 cents to $2.84.
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Screen Strength Lifts NatGas Cash; Futures Bears See Trouble as October Adds 12 Cents
Physical natural gas for Tuesday delivery, as well as futures, vaulted higher Monday as forecast warmer temperatures aided and abetted the bullish cause. Physical gains were deep and widespread, with the Northeast being especially strong, while California, the Rockies and West Texas also provided price leadership.
September 18, 2017
Risk Managers Mulling Producer Hedges; October Called 9 Cents Higher
October natural gas is expected to open 9 cents higher Monday morning as weather forecasts call for significant warmth over key Midwest markets. Overnight oil markets fell.
September 18, 2017
NatGas Cash, Futures Both Give Up A Few Pennies Ahead Of Weekend
Physical natural gas traders Friday just couldn’t see getting stuck with a three-day commitment in a well-supplied market, and prices fell across a broad front. Gains in Appalachia couldn’t offset double digit losses in the Northeast, Midcontinent, Midwest, Rockies and California, and the NGI National Spot Gas Average skidded 9 cents to $2.58.
September 15, 2017
Market Consolidating; October Seen 4 Cents Lower
October natural gas is set to open 4 cents lower Friday morning at $3.03 even though forecasts turned slightly warmer. Overnight oil markets rose.
September 15, 2017
Traders Re-Think Demand Destruction; Weekly NatGas Up Nearly A Dime
During the previous week traders were all abuzz about lost demand and its impact on prices as the NGI Weekly Spot Gas Average for the week ended Sept. 8 fell a nickel to $2.55. By the time this week’s trading got underway, however, traders realized that demand destruction might have been a little overblown, at least from a market perspective. That and forecasts of warmer weather prompted a turnaround, and for the week ended Sept. 15, the NGI Weekly Spot Gas Average rose 8 cents to $2.63.
September 15, 2017
Expected Plump Storage Build Has Bears Energized; October Called A Penny Lower
October natural gas is expected to open a penny lower Thursday morning at $3.05 as traders anticipate the release of government storage data showing injections well above historical averages. Overnight oil markets were mixed.
September 14, 2017
NatGas Cash Eases And Futures Bulls Swallow Bearish EIA Data; October Adds A Penny
Most physical natural gas traders Thursday scurried to get their deals done before the release of storage figures by the Energy Information Administration (EIA). Weak pricing in West Texas and the Midcontinent won out over flat pricing in the Midwest and Southeast and gains in Appalachia, and the NGI National Spot Gas Average fell 2 cents to $2.67.
September 14, 2017
Traders Scratching Their Heads Following Plump EIA Stats
October futures worked higher Thursday following a report by the Energy Information Administration (EIA) showing a storage injection that was greater than what traders were expecting.
September 14, 2017
Weather Models Ratchet Still Warmer; October Seen 4 Cents Higher
October natural gas is set to open 4 cents higher Wednesday morning at $3.04 as overnight weather models turned still warmer. Overnight oil markets rose.
September 13, 2017