Natural gas futures

With a sizable inventory surplus continuing to hang over the market, natural gas futures were trading slightly lower early Friday. The April Nymex contract was off 0.9 cents to $1.851/MMBtu as of 8:48 a.m. ET. May was down 2.2 cents to $1.986. The U.S. Energy Information Administration (EIA) on Thursday reported a 96 Bcf withdrawal…

Natural gas futures treaded lightly throughout Thursday’s session as traders weighed a seasonally weak storage result against continued signs of a pullback among producers.  At A Glance: EIA reports 96 Bcf withdrawal Output slips below 102 Bcf/d Weather demand set to fade Following a three-day rally, the April Nymex gas futures contract ultimately settled at…

Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…

Natural gas futures fail to rally on supportive storage miss as market still headed for hefty end-of-season inventory cushion April Nymex contract went as high as $1.918/MMBtu after reported 96 Bcf withdrawal for week ended Feb. 23, versus 80s Bcf consensus The front month was off 1.9 cents to $1.866/MMBtu as of 2:21 p.m. ET…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 96 Bcf natural gas from storage for the week ended Feb. 23. The result exceeded market expectations for a pull in the high 80s Bcf and briefly boosted Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the April futures…

As bearish weather and storage fundamentals weigh on natural gas prices amid oversold conditions, technical indicators are suggesting the potential for the market to pivot higher.  Technical analysts pointed to relatively heavy short positioning and volatile price action, both of which can be a recipe for turnarounds. Still, an upturn may not be immediate, with…

Natural gas for delivery in April ramped up a third straight day, supported on Wednesday by lower production estimates and a late winter blast of frigid air across the nation’s midsection. At A Glance: 80s Bcf withdrawal expected Output holds near 102 Bcf/d Colder near-term conditions In its first session as the prompt month, the…

Natural gas futures higher through midday trading as estimates continue to show production off recent highs April Nymex contract up 7.4 cents to $1.882/MMBtu as of 2:11 p.m. ET; stronger gains for May, June, July contracts Fourth consecutive surplus-padding storage print expected from weekly U.S. Energy Information Administration (EIA) report Thursday NGI modeling minus-84 Bcf,…

Natural gas futures were mixed on Tuesday, with the March contract off slightly amid light volume. But the April contract was boosted by bargain buying and a continued slide in production that could, if sustained, address supply/demand imbalance and bolster prices in the medium term. At A Glance: Output slips below 102 Bcf/d Solid but…