Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: Demand drivers…
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‘Bullish Supply, Bearish Price’ Signals Seen for U.S. Natural Gas, Though Volatility Still Likely
Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…
October Natural Gas Futures Post Fourth Consecutive Gain
Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure. Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October…
Natural Gas Futures, Cash Prices Continue Rally as Cooling Demand Lingers
Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure. Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October…
Natural Gas Futures Post Another Gain Amid Precarious Storage Situation
Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…
Winter Natural Gas Price Spikes Said Possible Despite Mild Forecast, Output Rebound
Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…
Natural Gas Futures Extend Win Streak Amid Lingering Domestic, Global Supply Concerns
Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…
October Natural Gas Futures Eke Out Another Price Gain Friday
Natural gas prices hovered in a narrow range of modest gains and losses Friday before ultimately finishing in positive territory, as traders assessed cooler near-term weather patterns and mounting production against lingering storage deficits. The October Nymex gas futures contract settled at $7.996/MMBtu, up 8.1 cents day/day. It marked a second consecutive advance. November rose…
Natural Gas Futures Ease Lower Early Amid Production Strength, Milder Weather
Milder shoulder season weather and continued production strength over the weekend helped pressure natural gas futures lower in early trading Monday. The October Nymex contract was off 6.6 cents to $7.930/MMBtu at around 8:50 a.m. ET. Coming off two straight day/day gains to close out last week, the front month was probing modestly higher earlier…
Natural Gas Futures Forge Ahead, but Sustained September Momentum Proves Elusive
Natural gas prices hovered in a narrow range of modest gains and losses Friday before ultimately finishing in positive territory, as traders assessed cooler near-term weather patterns and mounting production against lingering storage deficits. At A Glance: Weather demand forecast to wane ‘Fear’ lingers about threat to exports Production holds near 2022 high The October…