Boosted by a colder look to forecasts for early December, natural gas futures extended their recent gains in early trading Tuesday. The December Nymex contract was up 5.5 cents to $2.766/MMBtu at around 8:40 a.m. ET. January was up 6.3 cents to $2.886. After “not being quite as bearish” in Monday’s runs, the weather data…
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Natural Gas Futures Gain Early as Analysts Expect ‘Erratic Price Action’ This Week
Heading into what analysts see as a potentially volatile week of trading going into the Thanksgiving holiday, natural gas futures climbed early Monday amid expectations for some colder temperatures next week. The December Nymex contract was up 4.4 cents to $2.694/MMBtu at around 8:50 a.m. ET. January was up 3.8 cents to $2.808. The near-term…
Models Tease Cooler Temperatures Next Month as Natural Gas Futures Pare Losses Early
With weather models teasing the prospect of some cooler temperatures reaching the eastern Lower 48 next month, natural gas futures pared their losses in early trading Friday. After falling 12.0 cents in the previous session, the December Nymex contract was up 7.3 cents to $2.665/MMbtu at around 8:45 a.m. ET. In terms of projected demand,…
Natural Gas Futures Retreat on Milder Forecasts, Potential Injection from EIA Storage
Another milder shift in the overnight forecasts, coinciding with expectations for an unseasonable injection from the latest round of government inventory data, helped send natural gas futures tumbling in early trading Thursday. The December Nymex contract was down 15.1 cents to $2.561/MMBtu at around 8:40 a.m. ET. NatGasWeather attributed selling early Thursday to warmer trends…
Forecasts ‘Not as Warm-Dominated’ as Natural Gas Futures Post Early Gains
Cooler-trending forecasts helped natural gas futures to pare some of their recent losses in early trading Wednesday. The December Nymex contract was up 4.7 cents to $2.739/MMBtu at around 8:40 a.m. ET. The major weather models added demand to the outlook overnight, with both the American and European datasets now showing at least 10 additional…
Momentum Eludes December Natural Gas Futures as Production Rises, Domestic Demand Tapers
Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports. The December Nymex contract flipped between slight gains and losses throughout much of Tuesday’s session and ultimately settled at $2.692/MMBtu, down a half-cent day/day. January fell 2.0 cents to $2.844. A day earlier, the…
December Natural Gas Steady Early as Forecasts Remain Bearish
Coming off a dramatic sell-off in the previous session, natural gas futures held their ground early Tuesday, although bearish themes continued in the latest forecasts. The December Nymex contract was up 1.2 cents to $2.709/MMBtu at around 8:45 a.m. ET. The temperature outlook to start the winter heating season has been thoroughly disappointing from the…
Natural Gas Tumbles on Bearish Forecasts as ‘Old Man Winter Remains Tardy’
Natural gas futures traded sharply lower early Monday as the latest forecasts lowered weather-driven demand expectations and signaled that mild weather could stretch into early December. The December Nymex contract was off 15.1 cents to $2.844/MMBtu at around 8:40 a.m. ET. Weather data was “decidedly” bearish trending over the weekend, with forecast demand dropping compared…
Natural Gas Futures Pare Losses Early as Traders Look Ahead to EIA Data
As traders awaited the latest government inventory data to help gauge the supply/demand balance, a small increase in weather-driven demand expectations helped natural gas futures cut into the previous session’s losses in early trading Friday. After dipping 5.5 cents Thursday, the December Nymex contract was up 4.5 cents to $3.021/MMBtu at around 8:45 a.m. ET…
Mixed Signals Seen from Weather Data as Natural Gas Futures Steady Early
Natural gas futures appeared to be in a holding pattern early Thursday as analysts tried to gauge the durability of recent cold trends in the weather data. The December Nymex contract was off 0.7 cents to $3.024/MMBtu at around 8:40 a.m. ET. Based on colder trends in model runs over the past 24 hours, Bespoke…