Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: Russia to ramp up Ukraine war effort Analysts look for 90s Bcf injection Forecasts call for cooler conditions The October…
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Natural Gas Futures Spike above $8 as Heat Wave Drives Demand, Europe’s Woes Worsen
Natural gas futures flew higher for the third time in four sessions as oppressive heat across most of the Lower 48 kept air conditioners cranking, and festering supply challenges in Europe bolstered the demand outlook for U.S. exports The August Nymex gas futures contract surged 74.3 cents day/day and settled at $8.007/MMBtu. September rose 74.9…
Despite Production Drop and Prevailing Heat, Natural Gas Futures Fail to Find New Footing
Natural gas futures rebounded early Wednesday as production dropped and near-term cooling demand remained elevated. The prompt month, however, slipped lower by midday as traders digested expectations for a stout storage injection, and it struggled to regain momentum. The August Nymex gas futures contract ultimately fell 1.3 cents day/day and settled at $5.510. September shed…
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…
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…
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.…
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…
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…
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…
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…