Items Tagged with 'market'

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Colder Shift in Weather Data Snaps Losing Streak for Natural Gas Futures

After selling off throughout last week, natural gas futures bounced back Monday as weather models advertised colder temperatures arriving in late October. Although uncertainty remained over how long the chilly temperatures will stick around, the November Nymex gas futures contract jumped 6.6 cents to settle at $2.280/MMBtu. December climbed 4.1 cents to $2.498. Read More

Weather Outlook, Supply Growth Keep Pressure on Natural Gas Futures

Forecasts showing weak weather-related demand by the second week of October, along with indications of further production growth, saw natural gas futures follow through to the downside Monday. After selling off late last week, the November Nymex contract fell another 7.4 cents to settle at $2.330/MMBtu. December settled at $2.504, off 6.1 cents. Read More

Natural Gas Futures Retreat as Average EIA Build Expected

After rallying to start the week, natural gas futures prices gave up ground for a second consecutive session Wednesday as the market looked ahead to what was expected to be a near-average weekly inventory report. The October Nymex futures contract settled 3.1 cents lower at $2.637/MMBtu after trading as high as $2.696 and as low as $2.603. November settled at $2.665, down 3.5 cents. Read More

‘Textbook Short Covering’ Extends Natural Gas Rally

Natural gas futures rallied decisively for a second straight session Wednesday, putting bears on the run as the market begins to look ahead to winter. After picking up more than 7 cents a day earlier, the October Nymex futures contract surged another 8.7 cents to settle at $2.445/MMBtu. November added 9.5 cents to settle at $2.492. Read More