The expiring February natural gas contract is set to open 7 cents lower Friday morning at $3.31 as forecast cold is expected to be less intense than previously thought. Overnight oil markets sagged.
Morning
Articles from Morning
Traders Mull Shifting Supply Dynamic; December Seen 12 Cents Lower
December natural gas is expected to open 12 cents lower Tuesday morning at $2.70 as weather models show mild temperatures continuing for another two weeks. Overnight oil markets were narrowly mixed.
Weather Models Shift; November Called 9 Cents Lower
November natural gas is expected to open 9 cents lower Wednesday morning at $3.17 as weather forecasts make an abrupt shift milder. Overnight petroleum markets were mixed.
Heating Demand Now Seen Greater Than Cooling Load; October Called 3 Cents Higher
October natural gas is set to open 3 cents higher Monday morning at $2.99 as traders adjust their weather forecasts to incorporate greater heating demand. Overnight oil markets rose.
Traders Discounting Weather; October Seen 6 Cents Lower
October natural gas is expected to open 6 cents lower Friday morning at $2.87 as traders set their sights on plump season-ending storage levels and ignore near-term supportive weather. Overnight oil markets were mixed.
Weekend Weather Uncertainty to Keep Bears at Bay; September Called 3 Cents Higher
September natural gas is set to open 3 cents higher Friday morning at $2.58 as traders see little likelihood of aggressive selling going into the weekend. Overnight oil markets were mixed.
Traders Awaiting Bullish Storage Stats; July Called A Penny Higher
July natural gas is set to open a penny higher Thursday morning at $2.60 as traders see no change in the weather landscape and await the release of government inventory figures. Overnight oil markets dropped.
Weather Patterns Mostly Steady; July Called A Penny Higher
July natural gas is set to open a penny higher Thursday morning at $2.39 as traders study estimates of a government storage report showing a return to more normal injection patterns. Overnight oil markets rose.
Short Position Questioned; May Called Unchanged
May natural gas is set to open unchanged Friday morning at $2.02 as holders of short positions weigh the merits of continued market exposure. Overnight oil markets rose.
Weather Models Slow Warming Trend; April Called 4 Cents Higher
April natural gas is set to open 4 cents higher Wednesday morning at $1.75 as weather models show less warming. Overnight oil markets rose.