Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…
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Mid-January Warmup Sinks Natural Gas Futures, but Near-Term Cold Fuels Cash Gains
Natural gas futures eased lower in early trading Monday after warmer weather trends showed up in modeling over the weekend. The February Nymex contract was down 4.3 cents to $3.687/MMBtu at around 8:55 a.m. ET. At A Glance: Weather models point to mid-January warmup EIA’s 136 Bcf storage draw fails to excite ERCOT says Texas…
January Natural Gas Futures Expire Lower Despite Colder Turns in Latest Weather Data; Cash Soft
Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…
Natural Gas Futures Hold Above $4.00 Ahead of Contract Expiration; Cash Rising
Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. At A Glance: Weather…
Natural Gas Futures Erase Nearly All Gains from Three-Day Rally as Coming Cold Loses Intensity
As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. At A Glance: EIA shows stocks at…
Natural Gas Futures Extend Rally, Propelled by LNG Momentum
Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…
Natural Gas Futures Jump Higher as U.S. Exports Estimated at Record Level
Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…
Natural Gas Futures Skid Lower as Forecasts Point to Modest Heating Demand; Cash Climbs
Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. A day earlier, the prompt month fell 3.6 cents. February lost 7.6 cents and closed at $3.639/MMBtu on Friday. NGI’s Spot Gas National Avg., in contrast,…
Natural Gas Futures Slip as Traders Unconvinced of Late-December Cold; Cash Mixed
Natural gas futures neared the $4.00/MMBtu mark early Thursday after long-range weather forecasts trended colder. But with models backing off the amount of frigid air in the last few days of December, the January Nymex gas futures contract settled at $3.766, off 3.6 cents on the day. February slid 4.6 cents to $3.715. At A…
North American Natural Gas Market Bearish Despite European Energy Crisis – Mexico Spotlight
North American natural gas prices continued to show a modicum of stability this week as across the pond supply fears sent prices spiralling. Amid mild weather conditions, the January Nymex gas futures contract settled 5.5 cents higher day/day on Wednesday at $3.802/MMBtu, while February rose 4.8 cents to $3.761. Rystad Energy analysts said that bearish…