Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures end 1.6 cents lower EIA reports 7 Bcf build Cash thwarts weather April Nymex natural gas futures settled at $1.683/MMBtu, down…
KRGT
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Natural Gas Futures Gain More Momentum as Forecasts Evolve, Cash Prices Rally
Natural gas futures rallied a second straight day, bolstered by cooler trends for the densely populated Northeast, spot market momentum and moderated production. At A Glance: Modest injection expected Mixed weather forecasts Production remains lower Coming off a 10.9 cent-gain the prior session, the November Nymex gas futures contract rose another 1.3 cents on Wednesday…
October 4, 2023
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