Cold

November natural gas is set to open 2 cents lower Tuesday morning at $2.97 as traders view forecasts of pending cold as insufficient enough to materially alter supply demand balances. Overnight oil markets rose.

April natural gas is expected to open 2 cents lower Tuesday morning at $3.02 as traders come to grips with a highly variable weather pattern through the end of the month, and an uncertain storage impact resulting from the eastern blizzard. Overnight oil markets fell.

April natural gas is set to open 3 cents higher Friday morning at $2.83 as traders attempt to reconcile Thursday’s bearish storage report with technical resiliency. Overnight oil markets strengthened.

April natural gas is set to open 11 cents lower Monday morning at $2.68 as weather forecasts remain unsupportive and the April contract normalizes with the expired March at $2.627. Overnight oil markets rose.

March natural gas is expected to open a dime lower Friday morning at $3.04 as more deferred weather forecasts moderate further. Overnight oil markets rose.

While the 2016-2017 winter to date has been largely the winter that wasn’t for much of the country, cold weather is expected to grab hold of the northern tier of the United States well into spring, according to AccuWeather forecasters.

The expiring February natural gas contract is set to open 7 cents lower Friday morning at $3.31 as forecast cold is expected to be less intense than previously thought. Overnight oil markets sagged.

The Western Governors’ Association (WGA) website turned into a weather bulletin board last Friday, summarizing drought-relieving rains, records snows and abnormally cold temperatures along the West Coast and parts of Alaska, Nevada and Colorado.

February natural gas is set to open 3 cents lower Friday morning at $3.24 as overnight weather models showed near-term moderation. Overnight oil markets rose.