October natural gas futures traded within a fairly tight 17-cent range Tuesday as the expiring prompt month continued to feel out two-year-old support around the $4.500 level. One day ahead of going off of the board, the contract put in a low of $4.380 before closing at $4.526, up 5.1 cents on the day.
Fairly
Articles from Fairly
Futures Settle Above $5; Traders Await Fresh Storage Data
Despite precipitous drops in the petroleum futures sector, natural gas future trading was fairly quiet Tuesday as traders appeared to be on the sidelines waiting for the petroleum markets to adjust to last week’s natural gas futures declines. After trading between $4.900 and $5.120, October natural gas ended up closing at $5.006, up 6.4 cents on the day.
WPS’s Weyers Sees Generation Uncertainty; Gas Price Stabilization
Big (or bigger, at least) and mostly regulated is one utility strategy, a fairly popular one that has been embraced by a number of players, including WPS Resources Corp.
WPS’s Weyers Sees Generation Uncertainty; Gas Price Stabilization
Big (or bigger, at least) and mostly regulated is one utility strategy, a fairly popular one that has been embraced by a number of players, including WPS Resources Corp.
‘Rally Or Else’ For Bulls; July Expires at 17-Month Low
While most industry players had been expecting a fairly quiet expiration for the July natural gas futures contract, bears kept the pressure on in trading Wednesday. After hitting a low of $5.810 late in the session, July natural gas ended up going off of the board at $5.887, down 22 cents on the day.
Spring Gets Chilly Start with Mostly Lower Prices
Even with a fairly impressive amount of heating load remaining in play on the first official day of spring, the cash market was mostly softer as mixed pricing extended into a fourth straight trading day Monday.
MDA EarthSat Says Spring Could Bring Mixed March Temperatures, Warm April
In issuing its updated March-April weather outlook Wednesday morning, MDA EarthSat Energy Weather said temperatures will be vary fairly widely over different regions of the United States..
Most Points Near Flat; Northeast Quotes Soar, Anticipating Nor’easter
As a producer had predicted Thursday, most weekend prices stayed fairly close to flat Friday in a mixed market. The conspicuous exceptions were Northeast citygates, which all rose by more than 30 cents as a Nor’easter bore down on the region.
Rising Prices Shrug Off Negative Influences
The cash market once again displayed amazing resilience in achieving increases — most of them fairly substantial — at all points Friday. In doing so, it swam against the negative tide of milder weather returning to key northern market areas, prior-day screen weakness, a highly bearish storage situation and the usual decline of industrial load over a weekend.
Impending Warm-Ups Produce Mixed Pricing
Looking ahead to a repeat of last week’s moderation of cold weather after midweek but acknowledging that for now heating load remains fairly robust, the cash market turned in a mixed performance Tuesday. If not for the screen’s 42-cent gain Monday, softening might have been more pervasive than it actually was Tuesday, one source said.