September natural gas is expected to open 9 cents lower Monday morning at $2.85 as weather models turned cooler, sending estimated cooling load below seasonal norms. Overnight oil markets were mixed.
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January natural gas is set to open 3 cents higher Tuesday morning at $3.54 as overnight weather models are mixed and technical analysts still see the uptrend intact. Overnight oil markets rose.
The expiring December natural gas futures contract is expected to open 10 cents higher Monday morning at $3.19 as weather trends continue to favor cooler regimes going forward while production and drilling lag. Overnight oil markets rose.
December natural gas is set to open 2 cents lower Friday morning at $2.75 as weather models find consistent solutions elusive and forecasters call for ongoing relative warmth. Overnight oil markets fell.
April natural gas is set to open a penny higher Tuesday morning at $1.72 as traders discount, for the moment, a market landscape heavily biased toward not only oversupply but potentially problematic inventory issues at the end of the injection season. Overnight oil markets were mixed.
The expiring January contract is called 9 cents higher Tuesday morning at $2.32 as traders square books before the end of January trading and weather forecasts ratchet cooler. Overnight oil markets were mixed.
January natural gas is set to open 8 cents lower Tuesday morning at $3.93 as traders see weather and technical factors working to suppress any meaningful market upside. Overnight oil markets fell.
As the new year has brought steep mercury drops in many areas of the U.S., Joe Bastardi, senior expert meteorologist for AccuWeather.com, said it is almost certain that for many people it’s going to be the coldest 20-day period experienced since the winter of 1996.
The emergence of online exchanges in both energy commodities and other products has enabled energy companies to shift to an environment where suppliers can expand their reach and receive a wider comparison selection when they make business decisions. A report by Energy Info Source, “Online Exchanges in the Energy Industry,” examines an evaluation of the challenges and the drivers impacting energy e-commerce.