After weeks of tight, bullish surprises, the U.S. Energy Information Administration (EIA) reported a smaller-than-expected 143 Bcf natural gas storage withdrawal for the week ending Feb. 21.
Bullish
Articles from Bullish
Traders Staying Long; September Seen Up a Penny
September natural gas is set to open a penny higher Friday morning at $2.98 as traders keep to their bullish stance and weather is seen having less of an impact. Overnight oil markets rose.
July 28, 2017
Slight Warming Seen; August Called A Penny Higher
August natural gas is expected to open a penny higher Friday morning at $2.97 as traders see forecast weather sufficiently supportive to maintain at least a temporary price equilibrium. Overnight oil markets rose.
July 14, 2017
Traders See $3.20 August Gas; July Called A Penny Higher
July natural gas is set to open a penny higher Tuesday morning at $3.04 as traders note consistently warm temperature forecasts and a new technical paradigm. Overnight oil markets advanced.
June 27, 2017
Traders Mull Short-Term Cooling, Expected Stout Storage Draw; March Called 3 Cents Higher
March natural gas is set to open 3 cents higher Thursday morning at $3.16 as traders see short-term bullish conditions in the form of near-term weather coupled with an expected government report showing usage above historical norms. Overnight oil markets rose.
February 9, 2017
NatGas Cash, Futures Weather On-Target Storage Data; March Adds 2 Cents
For the most part, traders of physical gas for Friday delivery elected to get deals done before the release of the often volatility-inducing Energy Information Administration (EIA) storage report.
February 9, 2017
NatGas Cash Drifts Lower, But Futures Fall Off Cliff; February Drops 16 Cents
With forecasts of mild temperatures dotting the trading landscape, buyers saw little reason to commit to three-day deals Friday for weekend and Monday gas.
January 20, 2017
Weekly NatGas Prices Ease As Traders Wrestle With Uncertainty
As the nation inaugurated its 45th President Friday, a new era of risk and uncertainty enveloped the electorate, with highly contentious if not polarized factions on either side of the major issues facing the new Trump presidency. The natural gas market faces its own set of challenges and uncertainties, with both bulls and bears armed with persuasive arguments.
January 20, 2017
Bullish Storage Report Sends NatGas Forwards Back Into Black
After swinging throughout the week, much like weather forecasts, natural gas forwards and futures markets turned decidedly bullish on Thursday after a much larger-than-expected storage report, lifting February forwards prices up an average 17 cents that day and up an average 10 cents between Jan. 6 and 12, according to NGI’s Forward Look.
January 13, 2017
NatGas Forwards Rally On Cold; EIA Shocks With First Storage Draw Of Winter
After climbing three straight sessions, natural gas prompt-month forward prices rose an average 15.6 cents between Nov. 18 and 22 as cold weather systems are finally making their way across large portions of the U.S., bringing rain and snow to some areas.
November 23, 2016
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