The Energy Information Administration (EIA) reported a 136 Bcf withdrawal from storage inventories for the week ending Dec. 24, well within a wide range of expectations. Natural gas futures prices were already about 8.0 cents lower on the day at $3.768/MMBtu ahead of the EIA report and then slipped another penny as the print crossed…
Tag / Natural gas futures
SubscribeNatural gas futures
Articles from Natural gas futures
Natural Gas Futures Slide Ahead of EIA Report as Overnight Weather Trends Mixed
Amid mixed overnight weather trends, natural gas futures skidded lower early Thursday as traders prepared to digest another round of government inventory data. Heading into its first day as the prompt month, the February Nymex contract was off 5.0 cents to $3.800/MMBtu at around 8:50 a.m. ET. Surveys show a wide range of expectations for…
Natural Gas Futures Hold Above $4.00 Ahead of Contract Expiration; Cash Rising
Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. At A Glance: Weather…
Colder Overnight Trends Boost Natural Gas Futures Ahead of Expiry
Weather models teasing additional January cold helped to rally natural gas futures early Wednesday ahead of front month expiration. The January Nymex contract was up 15.5 cents to $4.210/MMBtu at around 8:50 a.m. ET. After Tuesday’s runs produced warmer trends, weather models shifted colder overnight by “enhancing colder risks” for the eastern half of the…
Contract Expirations Seen Driving Huge Recovery for Natural Gas Futures; West Coast Cash Rallies
Upcoming contract expirations and some wintry weather in the forecast fueled a massive recovery for natural gas futures on Monday. The January Nymex futures contract settled at $4.060/MMBtu, up 32.9 cents from last Thursday’s close. The February contract jumped 31.2 cents to $3.942. Spot gas prices were a mixed bag at the start of the…
Weather Models Trend Warmer as Natural Gas Futures Pare Gains Early
Weather-driven demand losses in the latest round of forecasts saw natural gas futures give back some of their recent gains in early trading Tuesday. Coming off a 32.9-cent rally in the previous session, the January Nymex contract was 4.3 cents to $4.017/MMBtu at around 8:50 a.m. ET. The February contract was down 5.5 cents to…
Natural Gas Futures Erase Nearly All Gains from Three-Day Rally as Coming Cold Loses Intensity
As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. At A Glance: EIA shows stocks at…
Colder January Pattern Gives Natural Gas Futures Upward Momentum Over Holiday Weekend
As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. Prices gapped higher following the Christmas holiday…
Natural Gas Futures Plunge as Forecasts Back off Intensity of Early-January Cold, Cash Craters
Natural gas futures took a major step back Thursday as an upcoming cold snap was seen not packing quite as much punch as initially expected. Though the latest government inventory data showed continued tightness, the January Nymex gas futures contract settled 24.5 cents lower day/day at $3.731/MMBtu. The February contract dropped 23.0 cents to $3.630.…
Early-January Cold Boosts Natural Gas Futures a Third Straight Day; Wintry Mix Fuels Northeast Cash Gains
After some intraday volatility amid thin pre-holiday trading, natural gas futures shot higher midweek on the increasing likelihood that frigid air would finally descend into vast stretches of the United States. The January Nymex gas futures contract soared 10.7 cents to settle at $3.976 on Wednesday. The prompt month has gained 28.6 cents over the…