Items Tagged with 'market'



Warmer Turn in Weather Models Ends Rally for Natural Gas Futures; Cash Slides in West

The saying goes that all good things must come to an end, and for the natural gas market, that happened on Wednesday as prices retreated following a three-day rally that sent the prompt month some 30 cents higher. With a warmer turn in the latest weather forecasts, the May Nymex gas futures contract settled at $1.783, down 6.9 cents day/day. June fell 5.3 cents to $1.896. Read More

Another Down Day for Natural Gas Futures Ahead of Highly Anticipated EIA Report

Natural gas traders continued to sell off positions Wednesday in anticipation of critical data that may offer the first clues on how much U.S. demand has been lost in the wake of the coronavirus. The May Nymex gas futures contract hit a $1.679/MMBtu intraday high but ultimately settled at $1.587, down 5.3 cents day/day. June fell 4.4 cents to $1.712. Read More

Natural Gas Futures Volatile as Economic Uncertainty Abounds

As the coronavirus officially became a pandemic, and as energy traders continued to try to steer through a whirlwind of economic uncertainty, natural gas futures turned in a volatile day of trading Wednesday. After approaching the $2.000/MMBtu mark, the April Nymex contract ultimately fell back to settle at $1.878, down 5.8 cents. Read More

Natural Gas Futures Take Step Back as Weather Models Diverge; Cash Stays Strong on Current Cold

The momentum that weather models garnered over the last few days sputtered on Wednesday, with natural gas futures prices retreating a bit after warmer revisions to the long-range outlook. The March Nymex gas futures contract closed the session at $1.955, down 2.6 cents from Tuesday’s close. April was unchanged at $1.971. Read More