Natural gas futures faltered Thursday following a bearish storage report and a key weather model pointing to lighter heating demand than previously expected, ending a rally. On its first day as the prompt month, the March Nymex gas futures contract shed 3.8 cents day/day and settled at $2.664. It ended a three-day run of solid…
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March Natural Gas Futures Tumble Following Bearish Storage Report
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 128 Bcf natural gas from storage for the week ended Jan. 22. The print was notably lighter than a week earlier and came in well below the midpoint of analysts’ estimates. Nymex natural gas futures, already down ahead of the 10:30 a.m. ET…

Natural Gas Futures and Cash Prices Rally Amid Freezing Temps, Cold Outlooks
BREAKING: EIA reports 128 Bcf net withdrawal from storage Futures extended to three days a winning streak Mid-range outlooks pointed to more freezing conditions Spot prices advances for a fourth-straight day Natural gas futures on Wednesday extended to three days a winning streak built on intensifying winter weather and renewed momentum in U.S. liquefied natural…

European Model Trends Warmer as Natural Gas Futures Retreat Early
Natural gas futures retreated early Thursday as one of the major weather models trended warmer, while upcoming government inventory data was expected to take a backseat to forecasts in terms of influencing future price action. The March Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:45 a.m. ET. Selling corresponded to changes in…

Winter’s Worst Cold Drives February Natural Gas Futures Higher
Weather outlooks increased the likelihood of robust heating demand LNG export levels gathered new momentum Cash prices climbed for a third straight day Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood…

Natural Gas Futures Continue Climbing After More Cold Trends Overnight
Overnight weather models extended a recent cold shift in the forecasts, giving natural gas futures continued upward momentum in early trading Wednesday. The expiring February Nymex contract was up 6.2 cents to $2.718/MMBtu at around 8:40 a.m. ET, while the March contract was trading 6.0 cents higher to $2.696. Another round of colder-trending weather data…

Natural Gas Futures Build Momentum as ‘Dead of Winter’ Arrives; Spot Prices Sail Higher
Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood of robust heating demand the rest of January and into early February, fueling futures. The February Nymex gas futures contract settled at $2.656…

Colder Weather, Strength in Cash Prices Fuel Surge in February Natural Gas Futures
Futures rebounded on increases in expected heating demand LNG export volumes recovered after declines the prior week Cash prices climbed amid a fresh round of winter storms After a bruising run a week earlier, natural gas futures rebounded Monday on substantial increases in expected heating demand over the weekend and a fresh bout of winter…

Natural Gas Futures Extend Rally Early on Heating Demand Gains Overnight
An increase in demand projections overnight from one of the major weather models helped natural gas futures extend their recent gains in early trading Tuesday. After surging 15.6 cents in Monday’s session, the February Nymex contract was up 4.7 cents to $2.649/MMBtu at around 8:40 a.m. ET. March was up 2.7 cents to $2.625. The…

Weather Models Show ‘Solid Demand Gains’ Over Weekend as Natural Gas Futures Rebound
A colder shift in forecasts over the weekend, including increasing potential for a chillier pattern into the middle of next month, saw natural gas futures rebound in early trading Monday. The February Nymex contract was up 8.7 cents to $2.533/MMBtu at around 8:40 a.m. ET. Analysts at EBW Analytics Group attributed the early morning price…