Items Tagged with 'prices'

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Natural Gas Futures Extend Slump on Large Storage Build, Mild June Forecast

A less than impressive forecast for early June and expectations for another triple-digit storage injection created an opening for bears to extend a recent sell-off in the natural gas futures market Wednesday. In the spot market, sweltering conditions in the Southeast couldn’t stave off widespread discounts; the NGI Spot Gas National Avg. fell 1.0 cent to $2.080/MMBtu. Read More

Natural Gas Futures Hit Reverse on Expectations for Plump Storage Build

After consecutive daily gains going back to last week, natural gas futures reversed sharply Wednesday as estimates pointed to a larger-than-average build in upcoming weekly storage data. In the spot market, with more intense cooling demand not expected until next week, discounts were widespread across the Lower 48; the NGI Spot Gas National Avg. skidded 9.5 cents to $2.210/MMBtu. Read More

Production Data Seen Fueling Natural Gas Futures Rally; Cash Mixed on Stormy Pattern

The timing of the season’s first significant summer cooling demand remained an open question Wednesday, but that didn’t stop natural gas futures from rallying sharply, helped by a reported drop in production. In the spot market, a stormy spring pattern didn’t stir much interest for buyers, and the NGI Spot Gas National Avg. added 0.5 cents to $2.210/MMBtu. Read More

Natural Gas Futures Spring to Life Despite Calls for Large EIA Build

Undeterred by the prospect of a hefty injection from this week’s government storage report, natural gas futures traders bid up prices Wednesday with support from seasonal and technical factors. In the spot market, cooler temperatures to the north and warmer conditions to the south helped drive modest but widespread gains; the NGI Spot Gas National Avg. rose 6.5 cents to $2.210/MMBtu. Read More