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.
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Bears Stirring Before Government Storage Data; July Called 4 Cents Lower
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.
Bears Stirring Before Government Storage Data; July Called 4 Cents Lower
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.
Broad Gains Counter New England Weakness; Futures Reconsider, Drop 8 Cents
Physical gas for Tuesday delivery was mostly higher in Monday trading as weakness in New England markets was unable to offset widespread gains in the Marcellus, Gulf, Midcontinent and California.
Weather, Technicals Aligning Higher; December Seen Up 11 Cents
December natural gas is expected to open 11 cents higher Wednesday morning at $4.24 as traders see no end to cold weather patterns in sight, and technical analysis points higher. Overnight oil markets were mixed.
Technical Breakout Seen Looming; October Called A Penny Higher
October natural gas is set to open a penny higher Wednesday morning at $4.00 as traders discount expected hefty storage builds and assess the likelihood of a technically-based advance. Overnight oil markets rose.
U.S. Onshore Activity Surging on ‘More Rigs, More Wells,’ Says Baker CEO
Baker Hughes Inc. expects North American exploration to increase through the rest of this year, lifted by the surge in Permian Basin development, which is showing no signs of slowing.
Hefty Build Expected? No Problem; July Seen 3 Cents Higher
July natural gas is set to open 3 cents higher Thursday morning as traders discount estimates of an increase in storage inventories that are well above historical norms and as they factor in expected heat. Overnight oil markets surged.
Bears On the Bench Before Long Weekend; June Called Up 2 Cents
June natural gas is set to open 2 cents higher Friday morning at $4.38 as traders see bears unwilling to add additional short positions before the extended holiday weekend. Overnight oil markets rose.
Warmth Seen in South, Texas; June Called Unchanged
June natural gas is set to open unchanged Tuesday morning at $4.80 as traders look to see if emerging cooling load can enable June to hold the pivotal $4.80 level and perhaps move higher. Overnight oil markets rose.