December natural gas is expected to open 8 cents lower Tuesday morning at $2.31 as longer-term weather forecasts turned milder and traders mull market support sustained by low cash prices. Overnight oil markets fell.
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December natural gas is expected to open 5 cents higher Monday morning at $2.41 as overnight weather models turned noticeably cooler for the final 10 days of November. Overnight oil markets were mixed.
March natural gas is set to open 10 cents higher Friday morning at $2.93 as changes to weather forecasts contain ongoing cold in Midwest and eastern population centers. Overnight oil markets rose.
February natural gas is expected to open 13 cents higher Wednesday morning at $3.07 as traders note Tuesday’s robust recovery and factor in near-term temperatures well below normal in important markets. A supportive storage report Thursday is also anticipated. Overnight oil markets eased.
February natural gas is set to open unchanged Friday morning at $2.93 as traders grapple with a fluctuating weather outlook within what analysts describe as an overall bearish trading framework. Overnight petroleum markets eased.
January natural gas is seen opening 5 cents higher Friday morning at $3.70 as traders react to deeply oversold conditions and note forecasts of eastern storms for next week. Overnight oil markets fell.
The market may not be convinced that natural gas storage is adequate to sustain demand through another severely cold winter, but sustained output from Appalachia should convince the skeptics soon enough, according to BNP Paribas.
December natural gas is seen opening 3 cents higher Tuesday morning at $4.08 as traders assess a strong technical picture along with continued supportive weather forecasts. Overnight oil markets spiraled lower.