Leticia Gonzales

With eyes on another plump storage injection, natural gas traders trimmed futures for a fifth consecutive session on Wednesday as weather forecasts continued to trend milder. The May Nymex contract settled at $1.598, down 5.2 cents day/day. June slipped a more substantial 7.8 cents to $1.748.

With the possibility of continued cold out the window, the fallout from coronavirus-related restrictions dominated natural gas forward markets for the April 8-15 period.

Natural gas futures treaded water for much of Thursday, not even blinking when the latest storage data painted an increasingly bleak demand outlook. Instead, the rapid pace of falling production grabbed traders’ attention, while some short-covering also likely came into play. The May Nymex gas futures contract settled at $1.686, up 8.8 cents from Wednesday’s close. June shot up 9.7 cents to $1.845.

An increasingly milder April outlook sapped any early momentum in natural gas futures trading on Tuesday. The May Nymex gas futures contract settled at $1.650, off 7.4 cents day/day and at the low end of its 9-cent trading range. June fell 5.3 cents to $1.826.

With eyes on another plump storage injection, natural gas traders trimmed futures for a fifth consecutive session on Wednesday as weather forecasts continued to trend milder. The May Nymex contract settled at $1.598, down 5.2 cents day/day. June slipped a more substantial 7.8 cents to $1.748.

After a successful attempt at breaching $1.80/MMBtu, May natural gas futures slammed the brakes as widespread demand losses from Covid-19-related shutdowns continued to dominate markets. However, volatility remained high and the prompt month went on to settle Monday at $1.724, off only nine-tenths of 1 cent from last Thursday’s closing price. June climbed 1.6 cents to $1.879.

After a successful attempt at breaching $1.80/MMBtu, May natural gas futures slammed the brakes as widespread demand losses from Covid-19-related shutdowns continued to dominate markets. However, volatility remained high and the prompt month went on to settle Monday at $1.724, off only nine-tenths of 1 cent from last Thursday’s closing price. June climbed 1.6 cents to $1.879.

An increasingly milder April outlook sapped any early momentum in natural gas futures trading on Tuesday. The May Nymex gas futures contract settled at $1.650, off 7.4 cents day/day and at the low end of its 9-cent trading range. June fell 5.3 cents to $1.826.

Continued colder-than-normal temperatures in the outlook helped to push a recently volatile natural gas futures market higher in early trading Monday. The May Nymex contract was up 6.1 cents to $1.794/MMBtu at around 8:45 a.m. ET.