Natural gas futures

Natural Gas Drops Below $3 Early on Weaker Forecast as Traders Await Latest Storage Data

Natural Gas Drops Below $3 Early on Weaker Forecast as Traders Await Latest Storage Data

With forecasts shedding weather-driven demand overnight, the February natural gas futures contract plunged below $3 in early trading Thursday as the market prepared to digest the latest round of government inventory data. The February Nymex contract was down 24.9 cents to $2.818/MMBtu at around 8:45 a.m. ET, while March was trading 17.2 cents lower at…

January 26, 2023
Spot Prices Climb, Natural Gas Futures Fall Ahead of Wintry Mix

Spot Prices Climb, Natural Gas Futures Fall Ahead of Wintry Mix

Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…

January 25, 2023
Natural Gas Futures Flirt With $3 Early as February Forecast Fails to Stave Off Bears

Natural Gas Futures Flirt With $3 Early as February Forecast Fails to Stave Off Bears

Natural gas futures flirted with the $3 mark in early trading Wednesday as updated forecasts moderated the temperature outlook heading into the second week of February.  The February Nymex contract, expiring later this week, was off 17.0 cents to $3.088/MMBtu at around 8:40 a.m. ET. March was down 8.7 cents to $2.970. Overnight selling occurred…

January 25, 2023
Natural Gas Futures Flounder Even As Cold Front Approaches, Cash Prices Strengthen

Natural Gas Futures Flounder Even As Cold Front Approaches, Cash Prices Strengthen

Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…

January 24, 2023
February Natural Gas Futures, Cash Prices Rally on Looming Cold

February Natural Gas Futures, Cash Prices Rally on Looming Cold

Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum. The February Nymex gas futures contract…

January 24, 2023
February Natural Gas Holds on to Gains Amid Frigid Forecast

February Natural Gas Holds on to Gains Amid Frigid Forecast

Front month natural gas futures were trading just shy of even early Tuesday as frigid forecasts continued to offer support. After rallying 27.3 cents in the previous session, the February Nymex contract was down 1.8 cents to $3.429/MMBtu at around 8:45 a.m. ET. March was off 4.8 cents to $3.174. The February contract managed to…

January 24, 2023
‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

Natural gas futures rallied sharply in early trading Monday as weather models over the weekend advertised a significantly colder Lower 48 temperature outlook heading into early February.  The February Nymex contract was up 35.5 cents to $3.529/MMBtu at around 8:40 a.m. ET. March was up 12.0 cents to $3.156. Weather data over the weekend showed…

January 23, 2023
Weekly Natural Gas Prices, Futures Fall Amid Seasonally Soft Demand, Robust Production  

Weekly Natural Gas Prices, Futures Fall Amid Seasonally Soft Demand, Robust Production  

Weekly natural gas cash prices and futures descended in tandem during a holiday-shortened stretch of trading defined by benign weather, weak demand and stout production. With traders focused on supply/demand imbalance, NGI’s Weekly Spot Gas National Avg. for the Jan. 17-20 period slid 8.5 cents to $5.490. At the close of a trading week that…

January 20, 2023
Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural gas futures traded in a narrow range much of Friday, ultimately culminating another sluggish week with a loss amid mild weather and elevated production levels. The February Nymex gas futures contract settled at $3.174/MMBtu, down 10.1 cents day/day. March lost 8.8 cents to $3.036. At A Glance: Prompt month sheds 10 cents Heating demand…

January 20, 2023
February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February natural gas futures fell a second consecutive day after an anemic storage print – and expectations for more ahead – punctuated supply/demand imbalance concerns and weighed on prices. The February Nymex contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March eked out a 1.3-cent gain to $3.124. NGI’s Spot…

January 20, 2023