Natural gas futures

As the Gulf Coast braced for the imminent arrival of Hurricane Zeta, and as traders mulled a mixed temperature outlook, natural gas futures hovered close to even early Wednesday. The expiring November Nymex contract was up 1.1 cents to $3.030/MMBtu at around 8:40 a.m. ET; December was off 1.1 cents to $3.300. Zeta had reached…

Natural gas futures soared to a nearly two-year high for the second time this week, but the price spike had little to do with supply or demand. Instead, analysts said options trading and massive speculative positioning ahead of the November Nymex contract’s upcoming expiration factored into Tuesday’s price behavior. The prompt month went on to…

Natural gas futures were trading close to even early Tuesday as overnight weather trends were mixed and a tropical cyclone approaching the Gulf of Mexico (GOM) prompted further production declines. The November Nymex contract was trading 0.4 cents lower at $3.020/MMBtu at around 8:45 a.m. ET. December was down 1.8 cents to $3.235. Tropical Storm…

Amid colder weekend weather trends and production impacts from another tropical cyclone tracking toward the Gulf of Mexico, natural gas futures gained in early trading Monday. The November Nymex contract was up 3.5 cents to $3.006/MMBtu at around 8:45 a.m. ET. An already active hurricane season for the Gulf Coast could soon get even worse,…

A milder shift in the latest forecasts saw natural gas futures give back some of their recent gains in early trading Friday. After cresting the $3/MMBtu mark earlier in the week, the November Nymex contract was down 3.5 cents to $2.972/MMBtu at around 8:45 a.m. ET. In the overnight weather data, the European model removed…

After punching through the $3/MMBtu barrier in the previous session, natural gas futures held relatively steady in early trading Thursday as the market awaited the latest round of government inventory data. The November Nymex contract was off 2.1 cents to $3.002 at around 8:40 a.m. ET. The November contract settled at $3.023 Wednesday, marking the…

A cooler shift in the weather outlook overnight, coupled with indications of a tightening supply/demand as winter approaches, had natural gas futures charging higher in early trading Wednesday. The November Nymex contract was up 11.5 cents to $3.028/MMBtu at around 8:40 a.m. ET. NatGasWeather attributed the gains early Wednesday to a combination of a strengthening…

Natural gas futures rallied Tuesday on news that full liquefied natural gas (LNG) exports could soon resume from two key Gulf Coast facilities. An increasingly chilly weather forecast solidified the momentum, with the November Nymex gas futures contract soaring 11.8 cents to settle at $2.913. December slipped 2.0 cents to $3.260. Spot gas also jumped…

With developments along the Louisiana coast appearing favorable for a ramp-up in export demand, natural gas futures surged in early trading Tuesday. The November Nymex contract was up 11.4 cents to $2.909/MMBtu at around 8:40 a.m. ET. Liquefied natural gas (LNG) feed gas demand climbed to 8.5 Bcf/d in early morning estimates from Bespoke Weather…