Cents

NatGas Forwards Prices Decline as Storage Glut Conquers Record Heat

NatGas Forwards Prices Decline as Storage Glut Conquers Record Heat

Natural gas forwards markets slid an average of 6.3 cents at the front of the curve between July 15 and 21, marking the third consecutive week that intense heat, strong power burn and softening production proved no match for swollen storage inventories, according to NGI Forward Look.

July 22, 2016

$3 In Sight, But August Called Down 2 Cents

August natural gas is set to open 2 cents lower Friday morning at $2.90 in spite of what traders see as a market with supportive weather, a supportive cash market, and a supportive storage dynamic. Overnight oil markets fell.

July 1, 2016

Heat Still In Play, Yet July Called 2 Cents Lower

July natural gas is set to open 2 cents lower Tuesday morning at $2.73 as traders look beyond the end of the month’s warm spell. Overnight oil markets retreated.

June 21, 2016

Traders Reluctant to Buy; July Called 4 Cents Lower

July natural gas is set to open 4 cents lower Tuesday morning at $2.55 as traders factor in a supportive weather environment and an accelerating decline in the storage surplus. Overnight oil markets fell.

June 14, 2016

Bulls Eyeing Stout Power Demand; July Called 4 Cents Higher

July natural gas traded at a new high overnight and is set to open 4 cents higher Monday morning at $2.60 as traders eye the arrival of warm temperatures, hefty gas-driven power loads, and a positive technical landscape. Overnight oil markets fell.

June 13, 2016

Bulls Take A Breather; July Called 5 Cents Lower

July natural gas is expected to open 5 cents lower Friday morning at $2.57 as bulls consolidate their gains following Thursday’s hefty advance, and mull a vulnerable seasonal environment. Overnight oil markets fell.

June 10, 2016

Weather Outlook Little Changed; July Relaxes 4 Cents

July natural gas is expected to open 4 cents lower Tuesday morning at $2.43 as overnight weather data showed little change and buyers face a technically overbought market. Overnight oil markets rose.

June 7, 2016

Technical Picture Keeping Bears at Bay; June Called 3 Cents Higher

June natural gas is expected to open 3 cents higher Tuesday morning at $2.08 as traders see a steady technical picture and look beyond what looks to be an oversupplied market. Overnight oil markets advanced.

May 24, 2016
Supportive Storage Report Fails to Vault NatGas Forwards Into the Black

Supportive Storage Report Fails to Vault NatGas Forwards Into the Black

Natural gas forwards markets were lower across the board between May 13 and 19, falling by an average of nearly 7 cents, despite getting a boost from a bullish storage report, according to NGI’s Forward Look.

May 20, 2016

Increased Cooling, Heating In Play; June Seen 4 Cents Higher

June natural gas is set to open 4 cents higher Tuesday morning at $2.08 as traders balance forecasts of increased usage with a softening technical outlook. Overnight oil markets retreated.

May 3, 2016