Natural gas futures

Volatile Natural Gas Futures Front Month Surges as Traders Await Huge Storage Pull

Volatile Natural Gas Futures Front Month Surges as Traders Await Huge Storage Pull

As traders eyed a potentially record-challenging storage withdrawal following widespread winter weather last week, expiring February natural gas futures continued a sharp rebound in early trading Thursday.  The front month, set to roll off the board early next week, was up 13.5 cents to $2.776/MMBtu at around 8:46 a.m. ET. With higher volume, the March…

January 25, 2024
Natural Gas Futures Slip on Warm Forecast, but ‘Mother Nature Decides’ When Winter Over

Natural Gas Futures Slip on Warm Forecast, but ‘Mother Nature Decides’ When Winter Over

Natural gas futures on Tuesday forged ahead for the first time in six sessions, supported by production hiccups and expectations for a near-record storage draw. At A Glance: Futures mount late-day rally Production off by 0.3 Bcf day/day Models point to warmth into February The February Nymex gas futures contract rose 3.1 cents to $2.450/MMBtu.…

January 24, 2024
Technical Factors Seen Supporting Natural Gas Futures Rally; Mild Forecast Trends Colder

Technical Factors Seen Supporting Natural Gas Futures Rally; Mild Forecast Trends Colder

A combination of technical momentum and colder adjustments to a still-mild weather outlook helped natural gas futures recover in early trading Wednesday, building on a strong finish to the previous session.  The February Nymex contract was up 7.4 cents to $2.524/MMBtu at around 8:30 a.m. ET. March was up 4.6 cents to $2.213. The front…

January 24, 2024
Natural Gas Futures Bounce as Production Taps Brakes, Monster Draw Looms; Spot Prices Slip

Natural Gas Futures Bounce as Production Taps Brakes, Monster Draw Looms; Spot Prices Slip

Natural gas futures on Tuesday forged ahead for the first time in six sessions, supported by production hiccups and expectations for a near-record storage draw. At A Glance: Massive storage draw expected Production slows modestly day/day Midweek warm-up looms The February Nymex gas futures contract rose 3.1 cents to $2.450/MMBtu. The contract fell to an…

January 23, 2024
Volatility Poised to Permeate Natural Gas Futures, Spot Prices Through Winter

Volatility Poised to Permeate Natural Gas Futures, Spot Prices Through Winter

Natural gas futures and cash prices surged early in the new year – bolstered by a barrage of winter freezes and production hits – then flopped amid forecasts for a return to benign weather and uncertainty about the trendline for supply. Several analysts expect the rollercoaster ride to endure – at least for the near…

January 23, 2024
Bears Extend Dominance For Fifth Session as Warmer Forecasts Send Futures, Cash Lower

Bears Extend Dominance For Fifth Session as Warmer Forecasts Send Futures, Cash Lower

Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Prompt month sheds $1 in a week Production regains 101 Bcf/d level NGI models 320 Bcf withdrawal The February Nymex gas…

January 23, 2024
Natural Gas Futures Continue to Sink on Mild Temps

Natural Gas Futures Continue to Sink on Mild Temps

A mild temperature outlook stretching into early February continued to put pressure on natural gas futures in early trading Tuesday. The February Nymex contract was down 6.5 cents to $2.354/MMBtu at around 8:45 a.m. ET. March was off 2.5 cents to $2.100. Updated forecast maps from Maxar’s Weather Desk Tuesday continued to show predominantly warmer-than-normal…

January 23, 2024
Widespread Warmth for Late January, Early February Crushes Natural Gas Futures

Widespread Warmth for Late January, Early February Crushes Natural Gas Futures

As exceptional warmth from updated forecasts dispelled hopes for a more impressive follow-up to this month’s winter blast, natural gas futures continued to crumble early Monday. The February Nymex contract was down 14.1 cents to $2.378/MMBtu at around 8:51 a.m. ET. March was off 12.5 cents to $2.127. The latest forecast from Maxar’s Weather Desk…

January 22, 2024
Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly natural gas cash prices lost ground for the first time this year with the brunt of the season’s worst winter storm passed and set to give way to warmer temperatures. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened Jan. 16-19 period fell $1.520 to $4.545/MMBtu. Prices in most regions declined in the trading…

January 19, 2024
Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural gas futures fell on Friday for a fourth straight day as warmer forecasts and rebounding production put the week’s polar vortex firmly in the rearview mirror. The February Nymex gas futures contract fell 17.8 cents and settled at $2.519/MMBtu.  At A Glance: Late-January warm-up looms Production rises above 100 Bcf/d Weekend cold boosts Southeast…

January 19, 2024