Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. exports held steady. At A Glance: The prompt month tacked on 22.6 cents Demand outlook remains dubious U.S. exports of LNG expected to hold strong Coming off a 35.8-cent sell-off…
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Late November Temps Said ‘Bullish-Leaning’ as Natural Gas Futures Climb Early
Increased heating demand expectations in the latest forecasts helped extend natural gas futures gains in early trading Tuesday. After rallying 22.6 cents in the previous session, the December Nymex contract was up another 15.8 cents to $5.175/MMBtu at around 8:45 a.m. ET. Recent run-to-run volatility from the major weather models continued overnight, this time with…
December Natural Gas Futures Rebound Despite ‘Variable’ Outlook for Weather-Driven Demand
Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. exports held steady. Coming off a 35.8-cent sell-off on Friday, the December Nymex contract gained 22.6 cents day/day and settled at $5.017/MMBtu on Monday. January rose 22.4 cents to $5.104.…
Momentum Proves Elusive for December Natural Gas Futures
Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. The December Nymex contract declined 35.8 cents day/day and settled at $4.791/MMBtu. January fell 36.5 cents to $4.880 on Friday. Futures had…
Natural Gas Futures Recover Ground Early as Weather Pattern in ‘Variable State’
After heavy selling last week, natural gas futures gained back some ground in early trading Monday, though analysts saw potential for an imminent test of a key nearby support target. Coming off a 35.8-cent sell-off in Friday’s session, the December Nymex contract was up 5.7 cents to $4.848/MMBtu at around 8:45 a.m. ET. The December…
December Natural Gas Futures Finish Rough Week on Sour Note; Cash Advances
Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. At A Glance: Futures fail to sustain momentum Demand outlook remains dubious Spot prices get a late-week boost The December Nymex contract…
U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA
U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…
December Natural Gas Futures Bounce Back With Winter Demand on the Horizon
Natural gas futures on Thursday snapped a four-day losing streak, pushed higher by hints of colder weather, solid demand for U.S. exports and gains in European prices. The December Nymex contract settled at $5.149/MMBtu, up 26.9 cents day/day. January jumped 27.1 cents to $5.245. At A Glance: Futures advance for first time this week Demand…
Late-Season Injection Expected Next Week as Natural Gas Futures Slide Early
Natural gas futures ceded ground in early trading Friday as forecasters saw slightly less longer-range cold potential in the latest model runs. After a 26.9-cent rally in the previous session, the December Nymex contract was down 9.4 cents to $5.055/MMBtu at around 8:50 a.m. ET. The latest 15-day forecast early Friday came in colder day/day,…
As Traders Loosen Vice, December Natural Gas Futures, Cash Prices Recover Ground
Natural gas futures on Thursday snapped a four-day losing streak, pushed higher by hints of colder weather, solid demand for U.S. exports and gains in European prices. The December Nymex contract settled at $5.149/MMBtu, up 26.9 cents day/day. January jumped 27.1 cents to $5.245. NGI’s Spot Gas National Avg. snapped a five-day slump, gaining 18.0…