Items Tagged with 'nymex'

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Potential Rover Delay, Thin Storage Build Boosted NatGas Forwards Last Week

It may be shoulder season, but word of a federally-ordered halt to construction on a portion of a major natural gas pipeline expected to be in partial service this summer was enough to send natural gas forwards markets into a frenzy last week. A bullish miss on the week’s storage report elevated markets even more firmly into the black, with both June and July forward prices averaging 11 cents higher between May 5 and 11, according to NGI Forward Look. Read More

NatGas Markets Find Lots of Volatility Under the Tree This Christmas

If anyone in the natural gas market thought the week leading up to Christmas was going to be a quiet one, they were wrong. Nymex January futures set the tone for a volatile week, plunging more than 10 cents early on, but then spiking nearly 30 cents the very next day. The Nymex January futures contract ultimately gained 12.5 cents between Dec. 16 and 21 to settle at $3.54 amid prospects for returning cold for the beginning of January and a solid 200+ draw from storage. Read More