For the first time in nine sessions, natural gas futures on Friday forged ahead as discount buying finally overtook the mild weather forecasts and elevated supplies that had sapped the will of price bulls most of this month. At A Glance: Prompt month gains 2.8 cents Bargain buying saves the day Fundamentals ‘indelibly weak’ The…
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Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump
Natural gas futures found fresh footing Monday for the first time in six sessions, supported by a cold shift in late November forecasts, while bears eyed next opportunities with supply still ample and another potential disruption at the Freeport LNG facility in Texas. At A Glance: Prompt month ends five-session slide Production jumps near 106…
November 13, 2023
Natural Gas Futures, Spot Prices Forge Ahead Amid Advancing Cold Front, Freeport Uncertainty
Natural gas futures recovered Monday as weather shifted substantially colder, driving heating demand and offsetting festering concerns about the relaunch of a key export facility. The December Nymex gas futures contract settled at $5.933/MMBtu, up 5.4 cents day/day. January gained 3.6 cents to $6.299. At A Glance: Forecasts call for enduring freeze Export capacity remains…
November 14, 2022
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