Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…
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June natural gas is set to open 3 cents higher Monday morning at $3.31 as traders digest significantly cooler temperatures predicted for Northeast and Midwest energy markets. Overnight oil markets receded.
Dealmaking across the U.S. oil and natural gas sector, particularly in the onshore, has begun 2017 “with a green flag and a full tank of gas,” following a surge in activity during the fourth quarter, PwC researchers said Tuesday.
September natural gas is set to open a penny higher Thursday morning at $2.85 as traders mull a government inventory report that is expected to show the leanest increase in supplies in six years. Overnight oil markets were mixed.
September natural gas is expected to open 4 cents higher Wednesday morning at $2.77 as traders still have to deal with oppressive heat and humidity in many sections of the country and the technical picture remains unsettled. Overnight oil markets were mixed.
July natural gas is expected to open 5 cents higher Monday morning at $2.67 as traders factor in extreme heat in Southern California and its likely impact on supply. Overnight oil markets gained.
July natural gas is expected to open 5 cents higher Wednesday morning at $2.34 as traders attempt to digest a significant shift in medium-term weather patterns and cogitate on technical price objectives. Overnight oil markets fell.
February natural gas is set to open unchanged Wednesday morning at $2.32 as traders prepare for an onslaught of cold air but at the same time try to discern any late-month El Nino-driven warming trends. Overnight oil markets plunged.