futures

Summer Heat Drives Rebound for Natural Gas Futures, but Cash Still Soft

Summer Heat Drives Rebound for Natural Gas Futures, but Cash Still Soft

With former Hurricane Isaias in the rearview mirror and hot weather back in the near-term and long-range forecasts, natural gas futures quickly recouped Thursday’s losses, and then some. The September Nymex gas futures contract settled Friday at $2.238, up 7.3 cents. October climbed 7.1 cents to $2.376. Spot gas prices were mostly lower outside of…

August 7, 2020
Storage Situation Seen Causing More Volatility as Natural Gas Futures Climb Early

Storage Situation Seen Causing More Volatility as Natural Gas Futures Climb Early

With the recently volatile natural gas market continuing to decipher the storage picture as the end of injection season nears, futures were up a few pennies in early trading Friday. The September Nymex contract was up 3.2 cents to $2.197/MMBtu at around 8:40 a.m. ET. The forecast outlook shifted slightly hotter overnight, according to Bespoke…

August 7, 2020
Natural Gas Futures Probe Higher as Market Turns to Latest Round of EIA Data

Natural Gas Futures Probe Higher as Market Turns to Latest Round of EIA Data

Even as the weather and fundamentals outlooks appeared mostly unchanged day/day, natural gas futures probed higher in early trading Thursday, riding a wave of recent bullish momentum as the market prepared to digest the latest government inventory data. The September Nymex contract was up 4.0 cents to $2.231/MMBtu at around 8:45 a.m. ET. This week’s…

August 6, 2020
September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

Aided by hot temperatures in the forecast and an improved outlook for export demand, natural gas futures continued to build on their recent upward momentum in early trading Wednesday. The September Nymex contract was up 1.0 cent to $2.203/MMBtu at around 8:50 a.m. ET. The gains this week have occurred on a combination of rallying…

August 5, 2020
September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

Coming off a roaring advance in the previous session, natural gas futures continued to climb near the front of the curve in early trading Tuesday as analysts pointed to easing storage availability fears. The September Nymex contract was up 3.2 cents to $2.133/MMBtu at around 8:45 a.m. ET. Monday’s stunning 30.2-cent rally for the September…

August 4, 2020
Heat, LNG Demand Rally September Natural Gas Futures Early

Heat, LNG Demand Rally September Natural Gas Futures Early

Coming out of a weekend that brought a notably hotter forecast outlook and an uptick in estimated export demand, natural gas futures were sharply higher in early trading Monday. The September Nymex contract was up 11.2 cents to $1.911/MMBtu at around 8:40 a.m. ET. Over the weekend the major weather models, especially the European, trended…

August 3, 2020
Weekly Natural Gas Prices Climb Higher on Strong Seasonal Demand

Weekly Natural Gas Prices Climb Higher on Strong Seasonal Demand

Weekly cash market prices ratcheted up across much of the Lower 48, led higher by strong cooling demand in California and swaths of the East. NGI’s Weekly Spot Gas National Avg. for the July 27-30 period jumped 13.5 cents to $1.755. Trading on Friday (July 31) was for gas delivered on Monday (Aug. 3). For…

July 31, 2020
September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool

September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool

September natural gas futures on Friday declined for a second day in a row as summer heat was forecast to fade, a new hurricane raced toward Florida and coronavirus-induced economic concerns weighed on markets. The September Nymex contract shed 3.0 cents day/day and settled at $1.799/MMBtu. October fell 3.4 cents to $1.957.  NGI’s Spot Gas…

July 31, 2020
Natural Gas Futures Called Higher Early as Isaias on Course for Florida Coast

Natural Gas Futures Called Higher Early as Isaias on Course for Florida Coast

As traders considered the potential impacts of Hurricane Isaias reaching the Florida coast this weekend, and as analysts mulled summer balances following the latest government inventory data, natural gas futures recovered some of their recent losses in early trading Friday. The September Nymex contract was up 2.5 cents to $1.854/MMBtu at around 8:50 a.m. ET.…

July 31, 2020
Natural Gas Futures Pare Gains Ahead of EIA Report; Tropical Storm May Hit Florida by Weekend

Natural Gas Futures Pare Gains Ahead of EIA Report; Tropical Storm May Hit Florida by Weekend

Pressured by further cooler trends in the forecast, natural gas futures pared their recent gains early Thursday as traders looked ahead to the release of the latest government storage data, expected to show a below-average summertime build. The September Nymex contract was down 2.6 cents to $1.904/MMBtu at around 8:40 a.m. ET. Estimates have been…

July 30, 2020
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