Lower

May natural gas is expected to open 3 cents lower Monday morning at $3.07 as market fundamentals and now technicals portend lower prices. Overnight oil markets rose.

Physical natural gas for Friday delivery slumped as modest strength in the East and California was unable to offset losses in Texas, Louisiana, market centers in the Midwest and the Midcontinent.

The expiring October natural gas futures contract is set to open 7 cents lower Wednesday morning at $2.93 as near-term weather changes with a stalled system over key energy markets. Overnight oil markets rose.

October natural gas is set to open 5 cents higher Wednesday morning at $2.96 as traders discount moderating weather patterns and focus on a re-emergent bullish technical environment. Overnight oil markets eased.

The Public Service Commission (PSC) of West Virginia said this month that it again expects lower gas bills for two-thirds of the state’s residents during the upcoming winter heating season.

During the second quarter, Kinder Morgan Inc. (KMI) continued to rebuild its balance sheet and enhance its credit profile. Increased natural gas throughputs helped. And recently announced joint ventures are expected to bring more improvement during the latter half of the year.

August natural gas is expected to open 4 cents lower Wednesday morning at $2.69 as traders are willing to concede downside territory even though increases in weekly supply figures continue to fall well below historical averages. Overnight oil markets fell.

June natural gas is expected to open 3 cents lower Monday morning at $2.07 as traders factor in lower near-term demand and a seasonal price-peaking window. Overnight oil markets rose.

June natural gas is expected to open 3 cents lower Monday morning at $2.07 as traders factor in lower near-term demand and a seasonal price-peaking window. Overnight oil markets rose.