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.
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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.
Natural gas futures eased following the release of government inventory figures showing an increase in working gas storage that was greater than what the market was expecting.
July natural gas is expected to open 4 cents lower Thursday morning at $2.81 as traders digest healthy estimates of government storage data but note greater risk to the forecast than normal. Overnight oil markets were mixed.