August

August natural gas is expected to open 5 cents lower Friday morning at $2.68 as traders reassess the likely impact of expected hot weather along with increased production and fuel switching. Overnight oil markets rose.

Natural gas forwards markets slid an average of 7 cents between July 8 and 14 as potentially record-setting heat was no match for bloated storage inventories, according to NGI’s Forward Look.

August natural gas is expected to open 5 cents higher Wednesday morning at $2.78 as traders continue to focus on supportive weather, but they concede the market needs to break recent highs to re-establish any uptrend. Overnight oil markets fell.

August natural gas is set to open 5 cents higher Tuesday morning at $2.75 as traders focus on a continuing dynamic of supply contraction and weather forecasts remain supportive. Overnight oil markets bounded higher.

August natural gas is set to open 5 cents higher Monday morning at $2.85 as traders see no let-up in the pervasive heat and expected elevated levels of demand going forward. Overnight oil markets were mixed.

August natural gas is expected to open 5 cents lower Wednesday morning at $2.71 as the technical environment weakens and the weather outlook holds mostly steady. Overnight oil markets fell again.

August natural gas is set to open unchanged Thursday morning at $2.86 even though traders anticipate the release of well below-average storage data and a supportive weather environment. Overnight oil markets fell.

August natural gas is set to open 6 cents higher Wednesday morning at $2.95 as overall weather forecasts continue with their outlook for increased warmth and the return of lost Gulf production remains uncertain. Overnight oil markets were mixed.

August natural gas is expected to open 5 cents higher Tuesday morning at $2.87 as traders study forecasts calling for increased warmth and mull options trading strategies. Overnight oil market were mixed.