Average

August natural gas is set to open 3 cents higher Friday morning at $2.92 as traders factor in a modest increase in forecast cooling loads. Overnight oil markets fell.

July natural gas is expected to open 3 cents lower Monday morning at $2.97 even though weather forecasts turned more seasonal, with above-normal temperatures seen across major energy markets. Overnight petroleum markets fell.

Natural gas forward prices for June plunged by an average 24 cents between May 12 and 18 as forecasts for cooler weather for the rest of May took center stage, according to NGI Forward Look.

Extraction Oil & Gas Inc., which launched as a public exploration and production company last fall, reported a surge in output from its Colorado operations during the first quarter, where enhanced drilling techniques are expected to deliver double-digit growth this year.

June natural gas is expected to open 3 cents higher Wednesday morning at $3.26 as traders focus on forecasts of higher 2017 prices more so than moderating weather outlooks. Overnight oil markets rose.

June natural gas is expected to open 6 cents lower Monday morning at $3.21 as weather forecasts offer little in the way of substantive change and risk managers look for a spot to initiate short hedges. Overnight oil markets were narrowly mixed.

June natural gas is set to open a penny higher Wednesday morning at $3.20 as traders continue to factor in cooler temperatures going forward and early data suggests a small contraction in the storage surplus. Overnight oil markets rose.

May natural gas is set to open 2 cents lower Tuesday morning at $3.14 as weather forecasts remain mild and the technical picture weakens. Overnight oil markets fell.

May natural gas is set to open unchanged Wednesday morning at $3.15 as traders factor in moderately supportive weather with conflicting long-term price views. Overnight oil markets gained.