Forward

Renewed buying interest after the previous week’s slide in natural gas prices, as well as supportive news on the weather front, sent natural gas forward prices up across the curve.

March natural gas futures and forwards markets slid nearly 20 cents on average between Jan. 27 and Feb. 2 as the market brushed off news that Punxsutawney Phil saw his shadow on Groundhog’s Day, theoretically indicating there would be six more weeks of winter, according to NGI’s Forward Look.

There was no spectacular fireworks show for natural gas forwards markets the first week of the new year as bleak prospects for cold weather later this month sent the February prompt month barreling down an average of 56 cents between Dec. 30 and Jan. 5, according to NGI Forward Look.

Double-digit swings marked the final days of trading in 2016 for natural gas forwards and futures markets as the second 200+ draw from storage and forecasts of widespread cold to blanket much of the U.S. beginning late in the coming week ultimately sent February prices up an average of 28.5 cents between Dec. 23 and 29, according to NGI Forward Look.

Natural gas forwards markets abided by the old adage “what goes up must come down” as January prices plunged an average 44 cents between Dec. 9 and 15 on forecasts for milder weather to close out December, effectively putting prompt-month prices back to where they were at the start of the month, according to NGI’s Forward Look.

Natural gas forwards markets abided by the old adage “what goes up must come down” as January prices plunged an average 44 cents between Dec. 9 and 15 on forecasts for milder weather to close out December, effectively putting prompt-month prices back to where they were at the start of the month, according to NGI’s Forward Look.

For the third week in a row, natural gas forwards markets surged by double-digits as much of the U.S. was experiencing bitterly frigid temperatures. And talk of a Polar Vortex in the upcoming week had the market shivering in its snowboots, according to NGI’s Forward Look.

Gains of 30 cents or more were the norm for most natural gas forwards markets for the period between Nov. 23 and Dec. 1 as the string of weather systems bringing cooler-than-normal temperatures continues to sweep across the U.S., according to NGI’sForward Look.

After climbing three straight sessions, natural gas prompt-month forward prices rose an average 15.6 cents between Nov. 18 and 22 as cold weather systems are finally making their way across large portions of the U.S., bringing rain and snow to some areas.