Items Tagged with 'markets'

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Late-Session Rally Trims Losses for Natural Gas Futures; Cash Markets Mixed

Weather models are playing mind games with natural gas traders. After stalling the return of colder weather overnight, the latest weather model run put it back on track and increased its intensity. With another drop in production, the March Nymex gas futures contract went on to settle Wednesday at $1.861/MMBtu, down just 1.1 cents. April slipped 1.5 cents to $1.887. Read More

Pattern Too Mild for Well-Supplied Natural Gas Market as Futures Prices Plunge

The latest forecasts Monday failed to deliver the kind of intense cold needed to impress the natural gas futures market, lowering heating demand expectations into early next month and prompting a steep sell-off. The December Nymex contract settled at $2.566/MMBtu, down 12.2 cents from Friday. The January contract dropped 12.0 cents to $2.630. Read More