Natural gas futures

After flirting with the $8 mark to start the week, natural gas futures pared their gains in early trading Tuesday as analysts observed overbought conditions following an extraordinary run higher in recent weeks.  Coming off a 52.0-cent rally in the previous session, the May Nymex contract was down 33.5 cents to $7.485/MMBtu at around 8:50…

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Natural gas futures had finished off the short holiday week with another huge leap higher after…

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Forecasts trended cooler over the long holiday weekend to increase weather-driven demand expectations, with heating demand…

Natural gas futures finished off the short holiday week with another huge leap higher after the latest inventory data confirmed a sluggish start to the injection season. The May Nymex gas futures contract settled Thursday at $7.300, up 30.3 cents on the day. June futures raced 32.7 cents higher to $7.423. Momentum continued in the…

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…

One day removed from choppy price action along the Nymex natural gas futures strip, May prices forged ahead midweek. With traders looking ahead to a smaller-than-normal increase in storage inventories, the prompt-month contract soared to a $7.005/MMBtu intraday high before settling Wednesday at $6.997, up 31.7 cents on the day. June futures rallied 33.3 cents…

Natural gas futures probed above the $7.00 mark early Thursday as traders prepared to turn their attention to the latest round of government inventory data, expected to show a lighter-than-normal spring injection. The May Nymex contract was up 7.3 cents to $7.070/MMBtu at around 8:55 a.m. ET. Predictions for this week’s Energy Information Administration (EIA)…

U.S. dry natural gas production should average 96.9 Bcf/d in April and 97.4 Bcf/d for full-year 2022, which would reflect a 3.8 Bcf/d increase over 2021 levels, according to updated forecasting from the Energy Information Administration (EIA). As the market has keyed in on supply adequacy fears and sent prices soaring well above $6.500/MMBtu this…

After a bit of hesitation, natural gas futures notched another day in the green as production declined and weather models aligned in showing a cooler-than-normal pattern that would keep hefty storage deficits intact throughout the month. The May Nymex contract settled at $6.680/MMBtu, up 3.7 cents day/day. June futures climbed 4.0 cents to $6.763. Spot…