Natural gas futures

North American natural gas futures were sluggish this week, but they got a jolt on Thursday. The August New York Mercantile Exchange gas futures contract settled at $2.757/MMBtu, up 15.4 cents day/day. September was up 14.6 cents to $2.731. Analysts at NatGasWeather attributed the jump to “the weather data not backing off on one of…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 41 Bcf natural gas into storage for the week ended July 14. The result fell shy of median expectations in polls and further fueled upward momentum for Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA reports 41 Bcf injection into storage…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 41 Bcf natural gas into storage for the week ended July 14. The result fell shy of median expectations in polls and further fueled upward momentum for Nymex natural gas futures. Ahead of the 10:30 a.m. ET EIA report, the August futures contract…

With searing summer heat building in updated forecasts, natural gas futures probed higher early Thursday ahead of the release of the latest weekly government inventory data. The August Nymex contract was up 9.7 cents to $2.700/MMBtu at around 8:40 a.m. ET. EBW Analytics Group in a note to clients early Thursday highlighted continued “slow-but-steady” gains…

Natural gas futures flourished for the first time in five sessions on Tuesday, mounting momentum alongside lofty temperatures and hints of lighter production. Coming off a four-day slump, the August Nymex gas futures contract settled at $2.629/MMBtu, up 11.7 cents day/day. September advanced 11.4 cents to $2.618. NGI’s Spot Gas National Avg. shed 3.0 cents…

Natural gas futures pulled back in early trading Wednesday as one the major weather models eased off on cooling demand expectations somewhat and as ample storage inventories continued to weigh on prices. Coming off an 11.7-cent rally in the previous session, the August Nymex contract was down 4.3 cents to $2.586/MMBtu at around 8:40 a.m.…

Natural gas futures flourished for the first time in five sessions on Tuesday, mounting momentum alongside lofty temperatures and hints of lighter production. Coming off a four-day slump, the August Nymex gas futures contract settled at $2.629/MMBtu, up 11.7 cents day/day. September advanced 11.4 cents to $2.618. NGI’s Spot Gas National Avg. shed 3.0 cents…

Natural gas futures fell again Monday, losing ground for a fourth consecutive regular session amid ongoing supply/demand imbalance concerns. The August Nymex gas futures contract lost 2.7 cents day/day and settled at $2.512/MMBtu. September slid 2.6 cents to $2.504. At A Glance: Prompt month sheds 2.7 cents Weather demand strong Production, storage elevated Cash markets,…

U.S. natural gas prices have hit a floor and should strengthen modestly over the next six to 24 months, according to oil and gas executives surveyed by the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is better known, conducts a quarterly survey to gauge current and expected drilling activity in…