Natural gas futures

Natural Gas Futures Fall Again to Close Week; First Snow Fails to Spark Cash Trading

Natural Gas Futures Fall Again to Close Week; First Snow Fails to Spark Cash Trading

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 11, 2021
Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Volatile natural gas futures probed both sides of even in after hours trading ahead of Monday’s session as the market weighed cooler weekend weather trends against easing domestic storage adequacy concerns. After earlier rallying to as high as $5.799/MMBtu, the November Nymex contract was down 13.5 cents to $5.430 at around 8:50 a.m. ET. Liquefied…

October 11, 2021
Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of…

October 8, 2021
Volatile Natural Gas Futures Advance Early; October Weather Still ‘Decidedly Bearish’

Volatile Natural Gas Futures Advance Early; October Weather Still ‘Decidedly Bearish’

With the market still on edge as it awaits details on early heating season temperatures, natural gas futures advanced in early trading Friday. The November Nymex contract was up 4.7 cents to $5.724/MMBtu at around 8:45 a.m. ET. Natural gas prices continued to show volatility in after-hours trading ahead of Friday’s session, with the prompt…

October 8, 2021
European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

Volatility continued to rock the Mexican natural gas market this week as North American prices came under the influence of wildly unpredictable Asian and European fundamentals. “Rallying, volatile U.S. benchmarks are creating anxiety in Mexico’s industrial sector, where gas demand is more correlated than ever,” Wood Mackenzie’s Ricardo Falcón told NGI’s Mexico GPI. U.S. benchmarks…

October 7, 2021
Natural Gas Futures Finish Flat After EIA Storage Data Points to Looser U.S. Balances

Natural Gas Futures Finish Flat After EIA Storage Data Points to Looser U.S. Balances

With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of…

October 7, 2021
Natural Gas Futures Stumble on Cooling European Market, Soft Domestic Fundamentals; Cash Slips

Natural Gas Futures Stumble on Cooling European Market, Soft Domestic Fundamentals; Cash Slips

There was no getting off the world’s scariest roller coaster on Wednesday. After blasting to a $6.466/MMBtu intraday high, November natural gas prices plummeted all the way back down to $5.663. The prompt Nymex contract ultimately settled at $5.675, off 63.7 cents from Tuesday’s close. December plunged to $5.803. At A Glance: BREAKING: U.S. EIA…

October 7, 2021
EIA Reports ‘Very Ugly’ 118 Bcf Injection into Natural Gas Storage; Price Action Unstable

EIA Reports ‘Very Ugly’ 118 Bcf Injection into Natural Gas Storage; Price Action Unstable

Natural gas storage inventories during the week ending Oct. 1 rose by a stunning 118 Bcf, according to the Energy Information Administration (EIA). The triple-digit injection came in about 10 Bcf higher than market consensus and promptly sent Nymex futures, already sharply lower, tumbling further. In the minutes leading up to the EIA’s weekly storage…

October 7, 2021
‘Dangerous Trade’ for NatGas Amid Overseas Volatility; Futures Slide Ahead of EIA Print

‘Dangerous Trade’ for NatGas Amid Overseas Volatility; Futures Slide Ahead of EIA Print

Natural gas futures extended their losses in early trading Thursday as the market braced for a potential triple-digit inventory build from the latest weekly government storage report. After plunging 63.7 cents in the previous session, the November Nymex contract had shed another 12.2 cents to fall to $5.553/MMBtu at around 8:45 a.m. ET. Surveys ahead…

October 7, 2021
Natural Gas Bulls Send Futures to Fresh Highs; Cash Up on Strong Power Burns

Natural Gas Bulls Send Futures to Fresh Highs; Cash Up on Strong Power Burns

Natural gas futures broke through $6.000/MMBtu for the second time this week as U.S. production took a notable step down on Tuesday at the same time global supply concerns roiled the domestic market. The November Nymex gas futures contract surged 54.6 cents to settle at $6.312. December gas finished at $6.432, up 52.6 cents on…

October 6, 2021