futures

Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

June 22, 2022
Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: Traders focus on robust cooling demand Europe’s thirst for U.S. LNG holds strong Cash prices rebound as…

June 15, 2022
Natural Gas Futures Soar as Supply Cuts Hit as Heat Builds; $10 Gas Possible in ‘Fairly Near Future’

Natural Gas Futures Soar as Supply Cuts Hit as Heat Builds; $10 Gas Possible in ‘Fairly Near Future’

In one of the most explosive sessions in recent weeks – and that’s saying a lot – natural gas futures rocketed higher Monday as production struggles to gain momentum and heat is starting to intensify ahead of what’s expected to be a hot summer. The July Nymex gas futures contract jumped 79.9 cents to $9.322/MMBtu.…

June 6, 2022
Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural Gas Futures Fly to 14-Year High, Approach $9.40 Handle Intraday

Natural gas futures on Wednesday soared past $9.000/MMBtu for the first time since 2008 amid worries that fragile supplies may prove inadequate to meet summer cooling demand and robust calls for U.S. exports. At A Glance: Futures fly ahead of June’s expiry LNG export demand intensifies Spring production struggles fester Traders through most of the…

May 25, 2022
Natural Gas Futures Pop Back as War in Ukraine Smolders, Supply Questions Fester

Natural Gas Futures Pop Back as War in Ukraine Smolders, Supply Questions Fester

Natural gas futures advanced Wednesday, rebounding from a two-day slump, as hints of late-March cold and lingering global supply issues caught traders’ attention. The April Nymex gas futures contract climbed 18.0 cents day/day and settled at $4.748. May rose 16.7 cents to $4.784. At A Glance: U.S. exports of LNG hold strong Forecasts call for…

March 16, 2022
With Spring Weather Looming Large, April Natural Gas Futures Skid for Third Straight Day

With Spring Weather Looming Large, April Natural Gas Futures Skid for Third Straight Day

Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand. At A Glance: Forecasts call for mild conditions U.S. LNG exports hold near capacity Market expects triple-digit storage pull The April Nymex…

March 9, 2022
Winning Ways Endure for Weekly Natural Gas Prices Alongside Winter’s Worst Chills

Winning Ways Endure for Weekly Natural Gas Prices Alongside Winter’s Worst Chills

Weekly natural gas cash prices rode a roller coaster of steep gains and losses in the volatile Northeast, where bidding on natural gas tends to swing more than other regions due to limited pipeline capacity and erratic weather. Ultimately, prices in the region settled firmly in positive territory as forecasters warned of a major winter…

January 28, 2022
Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

A persistently mild forecast continued to grip U.S. natural gas forwards markets during the Nov. 4-10 period, extending losses across the curve as supply neared pre-pandemic highs. December prices plunged an average of 97.0 cents, with losses upward of $2.00/MMBtu in the Northeast amid the comfortable weather pattern and weak cash pricing, NGI’s Forward Look…

November 12, 2021
Early November Cold, Contract Expiry Help Spark Sharp Gains for Natural Gas Forwards

Early November Cold, Contract Expiry Help Spark Sharp Gains for Natural Gas Forwards

Flashes of colder temperatures to start the heating season, alongside characteristic volatility coinciding with the Nymex futures contract expiration, propelled natural gas forwards sharply higher during the Oct. 21-27 trading period, according to NGI’s Forward Look data. Fixed price Henry Hub forwards for November rallied $1.087 to reach $6.220/MMBtu during the period, leading a wave…

October 29, 2021
Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

October 22, 2021
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