April

Crude oil production fell in the Eagle Ford and Bakken shales but increased in the Permian Basin in February, while natural gas production accelerated in the Haynesville Shale and isn’t projected to slow down through April, according to drilling productivity reports by the U.S. Energy Information Administration (EIA).

April natural gas is expected to open 6 cents higher Tuesday morning at $2.78 as traders factor in a near-term cool shot. Overnight oil markets retreated.

April natural gas is expected to open 3 cents lower Monday morning at $2.70 as traders see prices approaching key decision points and weather forecasts call for less heating load. Overnight oil markets slumped.

April natural gas is expected to open 2 cents lower at $2.82 as traders factor in what is likely to be the last triple-digit draw on inventory along with what is expected to be a robust injection season. Overnight oil markets rose.

April natural gas is expected to open 2 cents lower Wednesday morning at $2.71 as traders assess a non-directional technical environment and active near-term weather. Overnight oil markets were mixed.

April natural gas is expected to open 4 cents higher Tuesday morning at $2.72 as prices recover somewhat from Monday’s double-digit drubbing and traders factor in a moderating weather outlook. Overnight oil markets fell.

Production from the nation’s seven most prolific shale and tight oil plays will slow coming out of the winter months, with natural gas production expected to increase less than 0.5% between March and April, and oil production remaining almost unchanged, according to the Energy Information Administration (EIA).

April natural gas is seen opening 2 cents lower Monday morning at $2.71 as extended weather forecasts turn warmer. Overnight oil markets fell.

April natural gas is expected to open a penny higher Friday morning at $2.71 as traders deal with ongoing, load-building cold and expectations for a sharp reduction in season ending inventories. Overnight oil markets rose.