Natural gas prices were a mixed bag in December bidweek trading, with some support coming via the arrival of robust heating demand in northern markets and new pipeline capacity out of West Texas broadening its sales base. However, relatively balmy forecasts for early December and a hefty wall of new gas supply doused some of…
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Natural Gas Futures Flounder After Injection Tops Outlooks; Cash Sees Broad Declines
Natural gas futures reversed early day gains Thursday to fall for a fifth consecutive session after the weekly storage report printed a build that landed at the high end of expectations. The January Nymex natural gas futures contract settled at $2.802/MMBtu, down two-tenths of a cent day/day. February fell six-tenths of a cent to $2.763.…
December 1, 2023
Natural Gas Futures Struggle To Find Footing After 10 Bcf Storage Injection; Cash Falls On Milder Weather
Natural gas futures reversed early day gains Thursday to fall for a fifth consecutive session after the weekly storage report printed a build that landed at the high end of expectations. The January Nymex natural gas futures contract settled at $2.802/MMBtu, down two-tenths of a cent day/day. February fell six-tenths of a cent to $2.763.…
November 30, 2023
Natural Gas Futures Fall As Bears Don’t Blink Ahead of Storage Report; Warm-Up Deflates Spot Rally
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf of natural gas into storage for the week ended Nov. 24. The result landed above expectations and sent Nymex natural gas futures lower. At A Glance: BREAKING: U.S. EIA reports 10 Bcf injection National Avg. falls to $3.170 Prompt month falls…
November 30, 2023
Natural Gas Futures Flip Negative After 10 Bcf Storage Injection Tops Estimates
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf of natural gas into storage for the week ended Nov. 24. The result landed above expectations and sent Nymex natural gas futures lower. Ahead of the 10:30 a.m. ET report, December Nymex futures were trading up a penny at $2.814/MMBtu. After…
November 30, 2023
January Natural Gas Futures, Cash Prices Tripped Up by Warmer Forecasts, Oversupply Views
The January natural gas futures contract stumbled out of the gate on its first day as the front-month Wednesday, tripped up by stubbornly warm forecasts for early December and bears sticking to their oversupply views a day before the government’s weekly storage report. At A Glance: January Nymex falls 3.3 cents Spot prices fall ahead…
November 29, 2023
December Natural Gas Futures Fail To Gain Traction Ahead Of Expiry; Cash Prices Mixed As ‘Coldest Day’ Passes
Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs. At A Glance: Prompt-month settles at $2.706 Overall physical prices up 2.5 cents Southeast leads cash gains…
November 29, 2023
December Natural Gas Futures Fail To Gain Traction Ahead Of Expiry; Cash Prices Mixed As ‘Coldest Day’ Passes
Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs. At A Glance: December Nymex rolls off NGI’s National Avg up to $3.745 Southeast leads cash gains…
November 28, 2023
Record Production and Warmer Forecasts Chase Natural Gas Futures Lower; Cash Prices Jump On Winter Chill
Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946. At A Glance: December Nymex falls to $2.794 National Avg. surges to $3.720 NGI…
November 28, 2023
Natural Gas Futures Stumble Further Below $3; Spot Prices Surge
Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946. December futures touched an intraday low of $2.709 early in the morning, then trended…
November 27, 2023