eia storage report

Even as the latest forecasts continued to show impressively colder-than-normal temperatures reaching the Lower 48 over the next two weeks, natural gas futures traded stubbornly close to even early Thursday. The March Nymex contract was up 1.8 cents to $2.807/MMBtu at around 8:45 a.m. ET. After overnight runs from the major weather models the forecast…

Natural gas futures hovered close to even early Friday as forecasts continued to favor frigid temperatures moving into parts of the Lower 48 next month, while analysts contemplated the implications of this week’s “disappointing” inventory data. The March Nymex contract was up 0.7 cents to $2.671/MMBtu at around 8:35 a.m. ET. As of early Friday…

Natural gas futures retreated early Thursday as one of the major weather models trended warmer, while upcoming government inventory data was expected to take a backseat to forecasts in terms of influencing future price action. The March Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:45 a.m. ET. Selling corresponded to changes in…

A colder shift in forecasts over the weekend, including increasing potential for a chillier pattern into the middle of next month, saw natural gas futures rebound in early trading Monday. The February Nymex contract was up 8.7 cents to $2.533/MMBtu at around 8:40 a.m. ET. Analysts at EBW Analytics Group attributed the early morning price…

In an abbreviated four-day trading week following the Martin Luther King Jr. holiday on Monday, weekly cash prices recorded a double-digit drop as temperatures climbed across much of the Lower 48 and heating demand eased. Comfortable conditions moved in early in the week and stuck around until Thursday, notably including highs in the 40s and…

As updated forecasts pointed to a mild start to February, and as traders prepared to digest the latest government inventory data, natural gas futures were down a few cents early Friday. The February Nymex contract was off 3.6 cents to $2.455/MMBtu at around 8:40 a.m. ET. The U.S. Energy Information Administration (EIA) on Friday could…

Continued warmth in the latest forecasts, combined with a drop in export volumes, sent natural gas futures several cents lower in early trading Thursday. The February Nymex contract was down 5.0 cents to $2.489/MMBtu at around 8:45 a.m. ET. The updated forecast from Bespoke Weather Services early Thursday showed small changes versus 24 hours earlier.…

As models maintained expectations for a shift to colder U.S. temperatures to close out the month of January, natural gas futures reversed their recent losses in early trading Friday. After giving up 6.1 cents in the previous session, the February Nymex contract was up 9.1 cents to $2.757/MMBtu at around 8:40 a.m. ET. Recent weather…

In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage report and rising U.S. liquefied natural gas (LNG) volumes. The February Nymex gas futures contract settled at $2.666/MMBtu, down 6.1 cents day/day. March fell 5.9 cents…