Natural gas futures

Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early

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…

January 12, 2021
February Natural Gas Futures Fizzle at Close of Otherwise Bullish Trading Week

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…

January 11, 2021
Forecasts Shift Warmer Over Weekend as Natural Gas Futures Slide

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…

January 11, 2021
Warmer Weather Outlook Snaps 2021 Win Streak for Natural Gas Futures

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…

January 8, 2021
Export Demand and Prospects for Colder Conditions Boost Natural Gas Futures

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…

January 8, 2021
Warm Model Trends See Natural Gas Futures Retreat Early

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…

January 8, 2021
With Exports Strong, February Natural Gas Futures Continue Upward Climb

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…

January 7, 2021
Natural Gas Futures Called Lower Following Bearish Shift in Euro Weather Model

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…

January 7, 2021
Natural Gas Futures Extend Early 2021 Gains Amid Winter Chill and Solid Export Demand

Natural Gas Futures Extend Early 2021 Gains Amid Winter Chill and Solid Export Demand

Weather models pointed to fresh bouts of cold air over the Midwest and East LNG export levels held strong amid demand from Europe and Asia Cash prices advanced, led by demand in the Midwest and Texas Natural gas prices spiked Tuesday, extending the gain made a day earlier to jumpstart 2021 trading, as weather models…

January 6, 2021
Models Back Away from Projected Cold as Natural Gas Futures Retreat

Models Back Away from Projected Cold as Natural Gas Futures Retreat

Natural gas futures pared their recent gains in early trading Wednesday as recent weather model runs lowered demand expectations for the next two weeks. After rallying 12.1 cents in the previous session, the February Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:50 a.m. ET. As of early Wednesday weather models had “backed…

January 6, 2021