futures

Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Forecasts point to warmer week  Production reaches 101 Bcf/d NGI models 320 Bcf withdrawal The February Nymex gas futures contract fell…

January 22, 2024
Natural Gas Futures Reverse Declines as Weather Models Queue Up Cold Shots; Cash Slides

Natural Gas Futures Reverse Declines as Weather Models Queue Up Cold Shots; Cash Slides

February natural gas futures rebounded from early weakness Monday to settle shy of $3.000/MMBtu as weather models firmed up expectations for more heating demand from this week’s two winter storms and colder weather into next week. The February Nymex natural gas futures contract rose 8.7 cents day/day to settle at $2.980, after trading across a…

January 8, 2024
EIA Storage Report Upside Surprise Drives Natural Gas Futures Sharply Higher

EIA Storage Report Upside Surprise Drives Natural Gas Futures Sharply Higher

January Nymex natural gas futures settled the Thursday regular trading session up 12.5 cents at $2.572/MMBtu, gaining ground after the release of a natural gas storage report that showed a larger withdrawal than expected for the week of Dec. 15.  At A Glance: January futures up 12.5 cents Large 87 Bcf storage draw surprises Cash…

December 21, 2023
Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished

Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished

January Nymex natural gas futures extended a relief rally into the fourth trading day Monday as hints of colder January weather provided some support, but weather and fundamental outlooks suggested the upside movement would be short lived. At A Glance: Futures reverse early larger gains Supply outweighs brief weather support Cooldown helps cash mostly higher…

December 18, 2023
January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

Updated weather forecasts pointed to ongoing mild conditions that would generate a lack of heating demand through the first half of December. The outlook drove January natural gas futures another leg lower, even as the market eyes what could be the first triple-digit withdrawal from inventories of the season in data due out Thursday. At…

December 4, 2023
Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement.  At A Glance: Prompt month falls for third session Production…

November 20, 2023
Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural gas futures found fresh footing Monday for the first time in six sessions, supported by a cold shift in late November forecasts, while bears eyed next opportunities with supply still ample and another potential disruption at the Freeport LNG facility in Texas. At A Glance: Prompt month ends five-session slide Production jumps near 106…

November 13, 2023
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.  At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…

November 6, 2023
December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

October 30, 2023
Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally

Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally

Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead.  At A Glance: Output exceeds 103 Bcf/d Northern demand looms NGI models 79 Bcf injection After dropping…

October 23, 2023