With the market still eyeing a potential shift to notably chillier temperatures later this month, natural gas futures were up several cents in early trading Wednesday. The February Nymex contract was up 3.0 cents to $2.783/MMBtu at around 8:40 a.m. ET. Prices retreated in Tuesday’s trading as midday weather model runs backed off on the…
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Polar Vortex Potential, LNG Strength Bolster February Natural Gas Futures
Meteorologists anticiapte a late-month surge in frigid temperatures LNG volumes held near 11 Bcf amid strong demand from Asia Spot prices declined as mild temperatures spanned much of the Lower 48 Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished…
Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early
Buoyed by forecasts showing frigid temperatures finding their way into the Lower 48 later this month, natural gas futures rallied in early trading Tuesday. The February Nymex contract had surged 11.8 cents to $2.865/MMBtu as of 8:40 a.m. ET. Overall gas-weighted degree day expectations were largely unchanged day/day in the latest Bespoke Weather Services forecast…
February Natural Gas Futures Fizzle at Close of Otherwise Bullish Trading Week
Friday’s decline ended a five-day streak of positive finishes Weather forecasts for late January shifted warmer U.S. LNG volumes were above 11 Bcf and near record levels Natural gas futures faltered on Friday, ending a five-day streak of positive finishes. Traders focused on a shift in weather forecasts that pointed to a potential delay in…
Forecasts Shift Warmer Over Weekend as Natural Gas Futures Slide
Warming trends from forecasts over the weekend, albeit with hints of potential colder temperatures for key U.S. regions later this month, pressured natural gas futures lower in early trading Monday. The February Nymex contract was down 3.8 cents to $2.662/MMBtu at around 8:45 a.m. ET. After previously offering different outlooks on the upcoming pattern, the…
Warmer Weather Outlook Snaps 2021 Win Streak for Natural Gas Futures
Natural gas futures faltered on Friday, ending a five-day streak of positive finishes. Traders focused on a shift in weather forecasts that pointed to a potential delay in the onset of widespread freezing temperatures from early in the third full week of January to later in the month. The February Nymex gas futures contract settled…
Export Demand and Prospects for Colder Conditions Boost Natural Gas Futures
Liquefied natural gas volumes held strong EIA reported a storage withdrawal of 130 Bcf Cash prices advanced, led by hubs in the Northeast Natural gas prices traded sideways much of Thursday before creeping upward and ultimately finishing in positive territory. Traders assessed a storage withdrawal that fell short of expectations against continued strong U.S. liquefied…
Warm Model Trends See Natural Gas Futures Retreat Early
With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for…
With Exports Strong, February Natural Gas Futures Continue Upward Climb
BREAKING: U.S. EIA reported a withdrawal of 130 Bcf from natural gas storage for the week ended Jan. 1 Demand for LNG exports hovered near a record level Production levels declined from a day earlier Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for…
Natural Gas Futures Called Lower Following Bearish Shift in Euro Weather Model
As traders accounted for milder trends in the latest forecasts and potential price impacts from upcoming government inventory data, natural gas futures were trading a few ticks lower early Thursday. The February Nymex contract was down 1.8 cents to $2.698/MMBtu at around 8:45 a.m. ET. As of early Thursday, the American and European weather models…