Natural gas futures

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 96 Bcf natural gas from storage for the week ended Feb. 23. The result exceeded market expectations for a pull in the high 80s Bcf and briefly boosted Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the April futures…

As bearish weather and storage fundamentals weigh on natural gas prices amid oversold conditions, technical indicators are suggesting the potential for the market to pivot higher.  Technical analysts pointed to relatively heavy short positioning and volatile price action, both of which can be a recipe for turnarounds. Still, an upturn may not be immediate, with…

Natural gas for delivery in April ramped up a third straight day, supported on Wednesday by lower production estimates and a late winter blast of frigid air across the nation’s midsection. At A Glance: 80s Bcf withdrawal expected Output holds near 102 Bcf/d Colder near-term conditions In its first session as the prompt month, the…

Natural gas futures higher through midday trading as estimates continue to show production off recent highs April Nymex contract up 7.4 cents to $1.882/MMBtu as of 2:11 p.m. ET; stronger gains for May, June, July contracts Fourth consecutive surplus-padding storage print expected from weekly U.S. Energy Information Administration (EIA) report Thursday NGI modeling minus-84 Bcf,…

Natural gas futures were mixed on Tuesday, with the March contract off slightly amid light volume. But the April contract was boosted by bargain buying and a continued slide in production that could, if sustained, address supply/demand imbalance and bolster prices in the medium term. At A Glance: Output slips below 102 Bcf/d Solid but…

Benefiting from technical momentum and easing production volumes, natural gas futures advanced in early trading Wednesday, though bearish weather headwinds remained. The April Nymex contract was up 5.0 cents to $1.858/MMBtu as of 8:42 a.m. ET. May was up 4.7 cents to $2.012. April enters its first day as the new prompt month with an…

Natural gas futures were mixed on Tuesday, with the March contract off slightly amid light volume. But the April contract was boosted by bargain buying and a continued slide in production that could, if sustained, address supply/demand imbalance and bolster prices in the medium term. At A Glance: Output slips below 102 Bcf/d Solid but…

Big swings on lighter volume for March Nymex contract into expiry, closes down 4.4 cents at $1.615/MMBtu Gains for 2024 injection season contracts Tuesday as latest production samples pointing to easing output; April Nymex contract climbs 6.4 cents to $1.808 Bloomberg estimated Lower 48 production down to around 101.3 Bcf/d; Wood Mackenzie estimate at 101.7…

Natural gas futures rebounded on Monday, bolstered by lower production readings and trader positioning ahead of the front-month contract’s expiration. At A Glance: NGI models 84 Bcf draw Production at 103 Bcf/d Weather demand evades Coming off back-to-back losses to close out the prior week, the March Nymex gas futures contract settled at $1.659/MMBtu, up…