Natural gas futures faltered again Tuesday despite a huge day/day decline in production. The losses reflected changes in the latest weather outlook, which had been colder over the weekend but then warmed in the last couple of runs. The January Nymex gas futures contract fell 4.7 cents to $3.747/MMBtu. Spot gas prices, meanwhile, came crashing…
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‘Colder Risks’ Seen for Late December as Natural Gas Futures Climb Early
Natural gas futures rallied early Wednesday as weather models trended somewhat colder overnight and as forecasters monitored potential for chillier conditions to develop late this month. The January Nymex contract was up 13.1 cents to $3.878/MMBtu at around 8:50 a.m. ET. Models overnight trended colder compared to Tuesday’s midday runs, which appeared to be driving…
Natural Gas Futures Extend Losses on Spring-Like Temperatures; Warmth Sends Cash Lower
Natural gas futures faltered again Tuesday despite a huge day/day decline in production. The losses reflected changes in the latest weather outlook, which had been colder over the weekend but then warmed in the last couple of runs. The January Nymex gas futures contract fell 4.7 cents to $3.747/MMBtu. Spot gas prices, meanwhile, came crashing…
Natural Gas Futures Erase Early Gains, Finish in Red on Continued Warmth; Cash Rallies
A chillier weekend forecast lifted natural gas futures back above $4.000/MMBtu early in Monday’s session. The gains, however, were not to last as subsequent weather data backed off the cold and sent the January Nymex gas futures contract tumbling 13.1 cents to $3.794. February slid 12.8 cents to $3.761. At A Glance: More warmth seen…
Late December Pattern ‘Disappointing’ in Latest Forecasts as Natural Gas Slides Early
As overnight forecasts fueled uncertainty over how much cold air will find its way into the Lower 48 late this month, natural gas futures skidded lower in early trading Tuesday. The January Nymex contract was down 6.5 cents to $3.729/MMBtu at around 8:50 a.m. ET. The weather data produced a mix of trends overnight, including…
Natural Gas Futures Rally as Traders Appeared Convinced of Coming Cold; Cash Up Too
Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February…
Models Advertise ‘Enough Chill’ to Send Natural Gas Futures Higher Early
Natural gas futures climbed in early trading Monday as chillier forecasts over the weekend bolstered expectations for heating demand later this month. Coming off an 11.1-cent rally in Friday’s session, the January Nymex contract was up another 9.8 cents to $4.023/MMBtu at around 8:50 a.m. ET. Colder changes to the forecast provided the impetus to…
Natural Gas Futures Cap Week with Gain on Colder Weather Models
Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February…
Natural Gas Futures Erase Early Gains to Finish Nearly Flat; Cash Plummets
Natural gas futures struggled to put up more gains on Thursday after traders digested the latest government inventory data. Even with the potential for cold later this month still in play, the January Nymex contract settled at $3.814/MMBtu, off one-tenth of a cent from Wednesday’s close. February, however, climbed 1.0 cent to $3.784. At A…
Tight Balances Seen Supportive as Natural Gas Futures Inch Higher Early
Natural gas futures hovered close to even early Friday as analysts mulled evidence of tight balances and as forecasts continued to tease the potential for somewhat colder temperatures to develop later this month. The January Nymex contract was up 1.7 cents to $3.831/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday trended slightly colder…