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Natural Gas Futures Extend Winning Ways Amid Winter’s Fury, Spot Price Strength

Natural Gas Futures Extend Winning Ways Amid Winter’s Fury, Spot Price Strength

Natural gas futures rallied again on frigid temperatures and mounting heating demand, continuing an uninterrupted stretch of gains that dates to the opening session of 2024. At A Glance: Prompt month tops $3.300 Snow, freezing air pervasive Production declines 2 Bcf/d Coming off steady advances last week and an 8.7-cent gain to begin this week,…

January 9, 2024
Natural Gas Futures Stumble as Forecasts Walk Back Some Demand; Cash Jumps on Permian Supply Cuts 

Natural Gas Futures Stumble as Forecasts Walk Back Some Demand; Cash Jumps on Permian Supply Cuts 

Natural gas futures failed to sustain Monday’s momentum and finished lower Tuesday after weather forecasts took back some of the latest modeled demand boon for later this month. The December Nymex natural gas futures contract fell 9.1 cents day/day to settle at $3.092/MMBtu. January shed 8.4 cents to end at $3.303. At A Glance: Prompt…

November 14, 2023
Natural Gas Futures Struggle for Direction Even as Spot Prices Further Strengthen

Natural Gas Futures Struggle for Direction Even as Spot Prices Further Strengthen

Natural gas futures found fresh footing early Wednesday, rising 8.0 cents in morning trading, but prices ultimately slumped and the prompt month extended a losing streak to six sessions. Weather forecasts showed more demand in coming weeks and LNG feed gas volumes held strong, but abundant supplies countered. At A Glance: Analysts see moderate injection…

October 18, 2023
October Natural Gas Futures Price Rally Extends into Expiration, Marking Four Straight Gains

October Natural Gas Futures Price Rally Extends into Expiration, Marking Four Straight Gains

October natural gas futures traded higher for a fourth consecutive day before rolling off the books as the prompt month. Maintenance-imposed production interruptions and stronger LNG volumes offset waning weather-driven demand to support prices. At A Glance: Front month advances 10.8 cents Production proves choppy again High 80s Bcf injection estimated The October Nymex gas…

September 27, 2023
Natural Gas Futures Prices Flip Lower Following Signs of Strong Supply, Benign Weather Forecasts

Natural Gas Futures Prices Flip Lower Following Signs of Strong Supply, Benign Weather Forecasts

Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…

September 20, 2023
July Natural Gas Futures Expire Sharply Lower as Balances Seen Still Too Loose

July Natural Gas Futures Expire Sharply Lower as Balances Seen Still Too Loose

Fundamentals gained the upper hand in natural gas futures trading on Wednesday, with the July Nymex contract expiring lower amid stubbornly strong production, robust storage levels and lagging LNG demand. At A Glance: Production steady near 100 Bcf/d Storage surpluses seen holding Cash slides on softening demand With Texas poised for a break from the…

June 28, 2023
Natural Gas Futures Surge, Spot Prices Extend Rally on Surprisingly Bullish Inventory Data

Natural Gas Futures Surge, Spot Prices Extend Rally on Surprisingly Bullish Inventory Data

Natural gas futures on Thursday rallied for a fourth consecutive session, bolstered by a bullish storage print that came on the heels of hotter weather and lower production. The July Nymex gas futures contract settled at $2.533/MMBtu, up 19.1 cents day/day. August jumped 19.6 cents to $2.609. At A Glance: EIA prints 84 Bcf injection…

June 15, 2023
Natural Gas Futures Forge Ahead Amid Production Hits, Forecasts for Heat; Spot Prices Rise

Natural Gas Futures Forge Ahead Amid Production Hits, Forecasts for Heat; Spot Prices Rise

Natural gas futures rallied for a fourth straight session on Wednesday, supported by waning production and forecasts for intensifying heat in the second half of this month. The July Nymex gas futures contract gained 6.7 cents day/day and closed at $2.329/MMBtu. August rose 5.2 cents to $2.433. At A Glance: Market sees triple-digit injection Projects…

June 7, 2023
Bearish Storage Print Sends Already Battered Natural Gas Futures Reeling; Spot Prices Slide

Bearish Storage Print Sends Already Battered Natural Gas Futures Reeling; Spot Prices Slide

Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. At A Glance: EIA posts 110 Bcf…

June 1, 2023
Natural Gas Futures Snap Losing Streak, Push Forward Ahead of Storage Print; Cash Prices Slip

Natural Gas Futures Snap Losing Streak, Push Forward Ahead of Storage Print; Cash Prices Slip

Natural gas futures forged ahead Wednesday, ending a three-day retreat despite weak weather-driven demand, steady production and expectations for a triple-digit storage increase. At A Glance: Prompt month gains 7.7 cents Market sees 100 Bcf injection National demand proves light The June Nymex gas futures contract on Wednesday gained 7.7 cents day/day and closed at…

May 24, 2023