Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…
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Ahead of Expiry and Amid Solid Export Demand, December Natural Gas Futures Extend Gains
Natural gas futures rallied on Wednesday for a second consecutive session ahead of December options expiration. Robust demand for U.S. exports and a government inventory report that pointed to tightening balances helped propel prices higher. At A Glance: LNG feed gas volumes hold above 11 Bcf EIA prints a 21 Bcf withdrawal from storage Spot…
November 24, 2021
Natural Gas Futures Down Slightly Early, but Weather Outlook Still ‘Very Cold’
Even as the latest weather models models maintained an intensely cold outlook for the first half of the month, natural gas futures remained largely unmoved in early trading Wednesday. The March Nymex contract was down 0.9 cents to $2.836/MMBtu at around 8:45 a.m. ET. The weather models added demand overnight compared to their midday runs…
February 3, 2021
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