Natural gas futures

EIA Disappoints with 136 Bcf Storage Withdrawal, Sends February Futures Tumbling

EIA Disappoints with 136 Bcf Storage Withdrawal, Sends February Futures Tumbling

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…

December 30, 2021
Natural Gas Futures Slide Ahead of EIA Report as Overnight Weather Trends Mixed

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…

December 30, 2021
Natural Gas Futures Hold Above $4.00 Ahead of Contract Expiration; Cash Rising

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…

December 29, 2021
Colder Overnight Trends Boost Natural Gas Futures Ahead of Expiry

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…

December 29, 2021
Contract Expirations Seen Driving Huge Recovery for Natural Gas Futures; West Coast Cash Rallies

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…

December 28, 2021
Weather Models Trend Warmer as Natural Gas Futures Pare Gains Early

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…

December 28, 2021
Natural Gas Futures Erase Nearly All Gains from Three-Day Rally as Coming Cold Loses Intensity

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…

December 27, 2021
Colder January Pattern Gives Natural Gas Futures Upward Momentum Over Holiday Weekend

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…

December 27, 2021
Natural Gas Futures Plunge as Forecasts Back off Intensity of Early-January Cold, Cash Craters

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.…

December 23, 2021
Early-January Cold Boosts Natural Gas Futures a Third Straight Day; Wintry Mix Fuels Northeast Cash Gains

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…

December 23, 2021