June natural gas is set to open 2 cents higher Wednesday morning at $3.25 as traders study weather forecasts calling for concerted summer heat as well as Thursday’s anticipated lean inventory report. Overnight oil markets rose.
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Traders Mull Cooling Along With Technical Strength; May Called 2 Cents Higher
May natural gas is set to open 2 cents higher Monday morning at $3.21 as traders factor in modest near-term cooling along with lighter than normal heating loads. Overnight oil markets rose.
Traders See Market as Long-Term Buy, Yet April Called 2 Cents Lower
April natural gas is set to open 2 cents lower Friday morning at $3.03 as traders view the market as slightly overbought and little in the way of supportive weather is seen on the horizon. Overnight oil markets rose.
New Mexico Lawmakers Grapple With Proposed Surcharge on Oil, Gas
A New Mexico legislative proposal, SB 288, to fund early childhood education with surcharges on oil and natural gas, as well as electricity production, failed to get out of committee on Tuesday. Industry representatives oppose the proposal.
Cold Weather Fully Accounted For; February Called 4 Cents Lower
February natural gas is expected to open 4 cents lower Friday morning at $3.76 as traders moderate their expectations of further weather-driven price gains. Overnight oil markets weakened.
Traders Mull Market’s Next Move; November Called Flat
November natural gas is set to open unchanged Friday morning at $3.34 as traders consolidate positions before the weekend. Overnight oil markets were mixed.
Traders Mull Warm Weekend; July Called Unchanged
July natural gas is expected to open unchanged Friday morning at $2.58 as traders see near-term weather as providing enough market support to preclude a supply-induced selloff. Overnight oil markets jumped.
Bulls Circling Wagons as Plump Supplies Remain Fully In Play
May natural gas is expected to open 5 cents lower Friday morning at $1.92 as supply concerns dwarf any issues of reduced production, summer warmth and other factors working to rebalance the market. Overnight oil markets plunged ahead of a weekend OPEC meeting.
Bulls Circling Wagons as Plump Supplies Remain Fully In Play
May natural gas is expected to open 5 cents lower Friday morning at $1.92 as supply concerns dwarf any issues of reduced production, summer warmth and other factors working to rebalance the market. Overnight oil markets plunged ahead of a weekend OPEC meeting.
Traders Mull Coming Warmth; April Called 2 Cents Lower
April natural gas is expected to open 2 cents lower Friday morning at $1.92 as traders factor in a warming trend expected for early next week. Overnight oil markets rose.