Both cash and financial gas advanced Monday, although marketers were trying to digest mixed weather outlooks and financial traders saw nothing on the horizon to indicate market fundamentals had changed. Nationwide cash prices rose by about a nickel with strong gains reported at Northeast points and more modest advances along the Gulf. At the close of futures trading May had risen 3.5 cents to $2.016 and June gained 2.4 cents to $2.108. May crude oil was up 10 cents to $102.93/bbl.
Digest
Articles from Digest
April Futures Continue Slip-Slidin’ Away on Weak Technicals, Weather
April natural gas futures continued their descent Wednesday as traders had to digest more moderate weather forecasts and sensed that although the market continues to hold technical support, it is just a matter of time before prices fall again. At the close April natural gas had fallen 5.5 cents to $3.818 and May dropped 5.6 cents to $3.894. April crude oil continued its sub-orbital flight path, adding $2.60 to $102.23/bbl.
March 3, 2011
Cash Points Continue Slump Along With Futures
Most cash points continued to decline on Thursday as the futures market dove further and the natural gas industry was forced to digest yet another larger than normal storage injection report.
August 14, 2009
Unexpected Cold Pushes Futures to Two-Year High
March natural gas futures spiked to a more-than-two-year high on Friday as traders were beginning to fully digest the fact that pre-winter forecasts for a number of mild stretches this season are turning out to be completely incorrect. The prompt-month contract settled Friday’s regular session 25.5 cents higher at $9.146 and was pushing even higher in the Globex electronic session late in the afternoon. Friday’s regular session close marked a 48.6-cent increase over the previous week’s close.
February 25, 2008
Despite Bullish Hurricane Forecast, Futures Fall on Easing Tension Abroad
Even though the market was forced to digest a rather bullish 2007 Atlantic hurricane forecast on Tuesday, May natural gas traded to a low of $7.390 on the day before finishing up the regular session at $7.426, down 24.5 cents from Monday’s close.
April 4, 2007
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