Natural gas futures

Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats

Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats

Following a loss last week, natural gas futures bounced back on Monday as traders mulled reports of robust power burns and lighter production. The June Nymex contract gained 29.3 cents day/day and settled at $7.956/MMBtu. July rose 28.8 cents to $8.053. The prompt month had closed lower Friday and shed 5% the past week. NGI’s…

May 16, 2022
Natural Gas Futures Finish Volatile Week on Down Note

Natural Gas Futures Finish Volatile Week on Down Note

Natural gas futures fluctuated Friday, posting an early double-digit gain before dropping deep in the red by midday amid profit-taking to close out the week. The June Nymex gas futures contract ultimately settled at $7.663/MMBtu, down 7.6 cents day/day. July declined 7.0 cents to $7.765. At A Glance: Traders take profits to close week Cooling…

May 16, 2022
Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early

Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early

With conditions seen favoring robust cooling demand heading into the summer, natural gas futures climbed in early trading Monday. The June Nymex contract was up 16.9 cents to $7.832/MMBtu at around 8:40 a.m. ET. July was up 17.2 cents to $7.937. Strong power generation demand recently, driven by heat in the southern Lower 48 and…

May 16, 2022
Amid Volatile Trade, Natural Gas Futures Fall Short of Fourth Straight Gain

Amid Volatile Trade, Natural Gas Futures Fall Short of Fourth Straight Gain

Natural gas futures fluctuated Friday, posting an early double-digit gain before dropping deep in the red by midday amid profit-taking to close out the week. The June Nymex gas futures contract ultimately settled at $7.663/MMBtu, down 7.6 cents day/day. July declined 7.0 cents to $7.765. At A Glance: Traders take profits to close week Cooling…

May 13, 2022
Natural Gas Futures Survive Volatility, Post Third Straight Gain

Natural Gas Futures Survive Volatility, Post Third Straight Gain

Following erratic trading early, natural gas futures rallied for a third consecutive session Thursday on the heels of a moderately bullish storage print and forecasts for ongoing heat in near-term weather patterns. The June Nymex gas futures contract settled at $7.739/MMBtu, up 9.9 cents day/day. July gained 10.8 cents to $7.835. In a volatile week…

May 13, 2022
Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

As the market continued to mull the balance implications of the latest government inventory data in the context of broader supply adequacy concerns, natural gas futures advanced early Friday. The June Nymex contract was up 11.9 cents to $7.858/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 76 Bcf…

May 13, 2022
Natural Gas Futures Extend Winning Ways Amid Supply Worries

Natural Gas Futures Extend Winning Ways Amid Supply Worries

Following erratic trading early, natural gas futures rallied for a third consecutive session Thursday on the heels of a moderately bullish storage print and forecasts for ongoing heat in near-term weather patterns. The June Nymex gas futures contract settled at $7.739/MMBtu, up 9.9 cents day/day. July gained 10.8 cents to $7.835. In a volatile week…

May 12, 2022
Natural Gas Volatility Reigns as North American Summer Nears – Mexico Spotlight

Natural Gas Volatility Reigns as North American Summer Nears – Mexico Spotlight

North American natural gas futures were choppy this week as the U.S. supply picture remained unclear and with summer heat just around the corner. Mexican buyers of U.S. gas, meanwhile, should expect even higher prices in the hot months ahead. After a steep three-day drop, the June New York Mercantile Exchange gas futures contract jumped…

May 12, 2022
Natural Gas Forward Prices Plummet in Major Technical Correction, but Upside Pressure Building

Natural Gas Forward Prices Plummet in Major Technical Correction, but Upside Pressure Building

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

May 12, 2022
Natural Gas Futures Post Gains Amid Early Summer Demand

Natural Gas Futures Post Gains Amid Early Summer Demand

Natural gas futures advanced for a second straight day on Wednesday amid expectations for summer production to trail demand, potentially pressuring storage supplies. The June Nymex gas futures contract gained 25.5 cents day/day and settled at $7.640/MMBtu. July rose 26.0 cents to $7.727. At A Glance: BREAKING: U.S. EIA reports an injection of 76 Bcf…

May 12, 2022