Cents

Traders Mull Market Direction; March Seen 2 Cents Lower

March natural gas is set to open 2 cents lower Tuesday morning at $2.92 as traders confront a new set of forecasts showing still milder weather conditions. Overnight oil markets rose.

February 14, 2017
Technical Support, Forecast For Prolonged Northeast Cold Boosts NatGas Forwards

Technical Support, Forecast For Prolonged Northeast Cold Boosts NatGas Forwards

Renewed buying interest after the previous week’s slide in natural gas prices, as well as supportive news on the weather front, sent natural gas forward prices up across the curve.

February 10, 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

Eastern Markets Seen Milder; March Called 6 Cents Lower

March natural gas is set to open 6 cents lower Tuesday morning at $3.17 as overnight near-term weather models showed significantly warmer conditions in eastern energy markets. Overnight oil markets rose.

January 31, 2017
NatGas Forwards Prices Perk Up on Bullish 151 Bcf Storage Withdrawal

NatGas Forwards Prices Perk Up on Bullish 151 Bcf Storage Withdrawal

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

Traders Looking to Go Long; February Called 12 Cents Higher

February natural gas is set to open 12 cents higher Tuesday morning at $3.22 as traders see limited downside risk and weather models hold steady. Overnight oil markets rose.

January 10, 2017
January’s Expected Warm-Up Sinks Natural Gas Forwards Values

January’s Expected Warm-Up Sinks Natural Gas Forwards Values

There was no spectacular fireworks show for natural gas forwards markets the first week of the new year as bleak prospects for cold weather later this month sent the February prompt month barreling down an average of 56 cents between Dec. 30 and Jan. 5, according to NGI Forward Look.

January 6, 2017

Traders Mull Forecast Western Cold; January Called 2 Cents Higher

January natural gas is set to open 2 cents higher Friday morning at $3.56 as traders assess the likelihood of market-moving cold emerging around the first of the year. Overnight oil markets fell.

December 23, 2016
No Sign of Wintry Blasts; December NatGas Forwards Plunge 34 Cents First Week at Front of Curve

No Sign of Wintry Blasts; December NatGas Forwards Plunge 34 Cents First Week at Front of Curve

The steep losses that were seen as November rolled off the natural gas forwards curve paled in comparison to the cannonball splash December made during its first week at the front of the curve, when prices plummeted an average 34.4 cents between Oct. 28 and Nov. 3, and several markets lost upwards of 50 cents, according to NGI’s Forward Look.

November 4, 2016

Modest Weakness Seen Prior to Weather-Related Gains; December Called 4 Cents Lower

December natural gas is expected to open 4 cents lower Tuesday morning at $2.99 as traders factor in a modest decline into long-term support and weather models remain moderate. Overnight oil markets gained.

November 1, 2016