Tag / Cent



No Cold Seen in Key Markets; January Slumps

January natural gas gave back almost all of Tuesday’s 10.8-cent gain as traders see little in the way of near-term weather cold enough in key markets to have a material market impact. At the close January had retreated 8.3 cents to $3.550 and February shed 7.5 cents to $3.578. January crude oil closed over the century mark, posting a gain of 57 cents to $100.36/bbl.

December 1, 2011

Bulls Nowhere to Be Found as December Slides Further

Harnessing the momentum from Tuesday’s 15.3-cent plummet in December natural gas futures, traders continued to probe the downside Wednesday with mixed results. After starting the regular session with a low of $3.733, the prompt month contract reached a high of $3.800 just after 1 p.m. EDT before trimming lower to close at $3.749, down 3.2 cents from Tuesday’s regular session finish.

November 3, 2011

Prices Fall at Nearly All Points Amid Bearish Weather

Virtually all of the cash market was down Friday as modest rebounds of high temperatures and a prior-day 4-cent decline by October futures proved unable to support continued firmness. The usual weekend drop of industrial load applied further downward pressure on cash numbers.

September 12, 2011

All Points Lower; Trader Sees Limited Upside

Finally responding to the 40.2-cent drop in front-month natural gas futures values from last Thursday’s high of $4.983, cash point averages across the board came off significantly on Tuesday for Wednesday delivery.

June 15, 2011

Prices Up Strongly as Eastern Cooling Load Spreads

With Philadelphia temperatures expected to peak around 90 Wednesday, the combination of a mini-heat wave in the East, a 15.8-cent advance by July futures on the previous Friday and the restoration of industrial demand that had been missing during a long holiday weekend caused double-digit price gains across the board Tuesday in the launch of the June aftermarket.

June 1, 2011

Nearly All Points Still on Slippery Downhill Slope

It was not surprising that prices continued to drop at nearly all points Friday. Generally moderate weather almost everywhere, a 10.4-cent dip by June futures a day earlier and the usual weekend loss of industrial load were all bearish influences on Friday’s cash market.

May 23, 2011

May Expires Quietly, But Fresh Storage Data Could Create a Spark

Appearing to be pretty comfortable with the current price level, natural gas futures traders nudged the expiring May contract around a 6.5-cent range on Wednesday before it went off the board at $4.377, down a penny from Tuesday’s regular session finish. June futures didn’t display much more oomph as what is now the new front-month contract closed the day at $4.408, down 3.6 cents from Tuesday’s close.

April 28, 2011

Dangerous to Stay Unhedged, Analyst Says; May Falters

May natural gas futures were limited to a narrow 6-cent trading range and fell nominally as risk managers noted an uninspired market, and described their methodology for wringing value from a low-volatility trading environment. At the close May had eased 2.3 cents to $4.389 and June shed 1.4 cents to $4.452. June crude oil lost a penny to $112.28/bbl.

April 26, 2011

Traders Mull Resilient Market, Yet May Weakens

May futures were slightly lower on the day Friday, but traders saw fresh buying entering the market. The buying came late in the session and sparked an 8-cent rally to pick the market off session lows. At the close May was lower by 2.7 cents to $4.362 and June eased 2.1 cents to $4.437. May crude oil continued higher, adding a hefty $1.22 to $107.94/bbl.

April 4, 2011

Arkansas Lawmaker Withdraws Severance Tax Bill

Arkansas state Rep. Tommy Lee Baker (D-Osceola) has withdrawn legislation (HB 1992) that would have ended severance tax exemptions for natural gas drillers due to a lack of support in the House Insurance and Commerce Committee.

March 16, 2011