Natural gas futures

No groundhogs were needed to convince natural gas traders that Old Man Winter was planning to stick around longer across the United States. A biting February forecast combined with strong storage withdrawals, potential supply disruptions and robust export demand to send March Nymex natural gas futures ballooning to $5.501/MMBtu on Wednesday, up 75.0 cents on…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 268 Bcf natural gas from storage for the week ended Jan. 28. The result marked the largest pull of the season and the third consecutive that exceeded 200 Bcf. While the print dwarfed both the 183 Bcf withdrawal recorded for the year-earlier period…

In a show of continued volatility, natural gas futures were down sharply in early trading Thursday as updated modeling lowered weather-driven demand expectations for later this month. After posting a 75.0-cent day/day gain in Wednesday’s session, the March Nymex contract was down 50.6 cents to $4.995/MMBtu as of around 8:45 a.m. ET. The American Global…

After eight straight gains, natural gas futures stumbled on Tuesday as weather forecasts backed off the intensity of frigid weather expected in Texas later this week. Warmer weather in Europe, along with an increase in Russian gas flows to the continent, also weighed on U.S. markets, with the March Nymex gas futures contract down 12.3…

Natural gas futures were racing higher in early trading Wednesday as winter weather risks, including intensifying cold expectations for Texas, drove continued volatility against a backdrop of rapidly falling inventories. The March Nymex contract had exploded to $5.349/MMBtu as of around 8:45 a.m. ET, up 59.8 cents from the previous settle. Compared to 24 hours…

After eight straight gains, natural gas futures stumbled on Tuesday as weather forecasts backed off the intensity of frigid weather expected in Texas later this week. Warmer weather in Europe, along with an increase in Russian gas flows to the continent, also weighed on U.S. markets, with the March Nymex gas futures contract down 12.3…

Natural gas prices advanced Monday following a fierce winter storm in the East and ahead of another deep freeze that ignited production curtailment fears. The anticipated blasts of cold also amplified expectations for lofty storage withdrawals and sent the March Nymex gas futures contract up 23.5 cents day/day to settle at $4.874. April rose 20.2…

Paring their gains from the previous session, natural gas futures retreated early Tuesday as analysts cautioned to expect volatility ahead of the potential disruptive impact of freezing temperatures arriving in Texas later this week. The March Nymex contract was down 18.7 cents to $4.687/MMBtu at around 8:50 a.m. ET. The natural gas market is likely…

Natural gas prices followed a massive rally with another solid surge on Friday, riding high on winter weather forecasts, light production, falling stockpiles and robust demand for U.S. exports. The March Nymex gas futures contract jumped 35.6 cents day/day to $4.639/MMBtu and finished its first session as the prompt month on firm footing. April rose…