Items Tagged with 'market'

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Warmer-Leaning Forecast Prompts Natural Gas Futures Sell-Off; New England Cash Pops

With late-January cold looking weaker than previously expected, and with government storage data likely to turn up another underwhelming storage withdrawal, natural gas futures sold off sharply Wednesday. The February Nymex contract went as low as $2.104/MMBtu before settling at $2.120, down 6.7 cents. March fell 6.8 cents to $2.083. Read More

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