futures

Slightly Hotter European Model Helps Boost Natural Gas Futures Early

Slightly Hotter European Model Helps Boost Natural Gas Futures Early

A somewhat hotter lean in the overnight forecasts helped natural gas futures bulls regain some ground in early trading Tuesday. The September Nymex contract was up 3.4 cents to $2.187/MMBtu at around 8:45 a.m. ET. There were no major shifts in the weather outlook overnight, according to NatGasWeather, though the forecaster noted a small uptick…

August 11, 2020
Forecasts Cool Over Weekend as Natural Gas Futures Called Lower Early

Forecasts Cool Over Weekend as Natural Gas Futures Called Lower Early

A cooler look from forecasts over the weekend helped send natural gas futures prices into retreat in early trading Monday. The September Nymex contract was off 3.8 cents to $2.200/MMBtu at around 8:45 a.m. ET.  Since Friday, the major weather models have trended cooler, with both the American and European datasets dropping several gas-weighted degree…

August 10, 2020
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