eia storage report

After rocketing higher amid intensifying January cold expectations, natural gas futures pared their gains early Thursday as one of the major weather models advertised warmer trends overnight. The February Nymex contract was down 25.9 cents to $4.598/MMBtu at around 8:55 a.m. ET. NatGasWeather early Thursday highlighted notable warmer trends overnight from the American model. However,…

As updated weather models raised the prospect of intense winter chills reaching key markets later this month, natural gas futures were trading sharply higher early Monday. The February Nymex contract was up 24.0 cents to $4.156/MMBtu at around 8:45 a.m. ET. March was trading 18.5 cents higher to $3.911. In the most recent models heading…

As traders looked ahead to the latest round of government inventory data, expected to show a much lighter-than-average weekly withdrawal, natural gas futures probed both sides of even early Thursday. The February Nymex contract was off 1.5 cents to $3.867/MMBtu at around 8:45 a.m. ET but ventured as high as $3.931 earlier in the morning.…

Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…

Upcoming contract expirations and some wintry weather in the forecast fueled a massive recovery for natural gas futures on Monday. The January Nymex futures contract settled at $4.060/MMBtu, up 32.9 cents from last Thursday’s close. The February contract jumped 31.2 cents to $3.942. Spot gas prices were a mixed bag at the start of the…

As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. Prices gapped higher following the Christmas holiday…

A large decline in heating demand expectations in the latest round of forecasts sent natural gas futures tumbling in early trading Thursday. The January Nymex contract was down 16.1 cents to $3.815/MMBtu at around 8:55 a.m. ET. Forecasts trended warmer overnight to significantly lower projected demand day/day, with the change particularly pronounced in the European…

Colder overnight forecast trends helped push natural gas futures higher early Thursday as the market prepared to shift its focus to the latest release of government inventory data. The January Nymex contract was up 9.5 cents to $3.897/MMBtu at around 8:50 a.m. ET. Expectations ahead of the latest Energy Information Administration (EIA) storage report, scheduled…

Natural gas futures hovered close to even early Friday as analysts mulled evidence of tight balances and as forecasts continued to tease the potential for somewhat colder temperatures to develop later this month. The January Nymex contract was up 1.7 cents to $3.831/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday trended slightly colder…