Natural gas futures

Natural gas futures maintained momentum Tuesday, supported by a dip in production and forecasts for increasing national heat. Coming off an 8.7 cent advance to start the week, the August Nymex gas futures contract on Tuesday gained 6.2 cents day/day and settled at $2.731/MMBtu. September rose 5.1 cents to $2.692. NGI’s Spot Gas National Avg.…

Amid signs of weak underlying fundamentals, and with forecasts advertising more moderate summer temperatures for population centers in the Midwest and East, natural gas futures gave back some of their recent gains in early trading Wednesday. The August Nymex contract was off 4.5 cents to $2.686/MMBtu at around 8:40 a.m. ET. Even after posting back-to-back…

Natural gas futures maintained momentum Tuesday, supported by a dip in production and forecasts for increasing national heat. Coming off an 8.7 cent advance to start the week, the August Nymex gas futures contract on Tuesday gained 6.2 cents day/day and settled at $2.731/MMBtu. September rose 5.1 cents to $2.692. NGI’s Spot Gas National Avg.…

Natural gas futures forged ahead on Monday, bolstered by forecasts for peak summer heat and robust cooling demand. The August Nymex gas futures contract settled at $2.669/MMBtu, up 8.7 cents day/day. September rose 7.1 cents to $2.641. NGI’s Spot Gas National Avg. gained 19.5 cents to $2.345. Futures slumped throughout last week as production climbed…

Natural gas futures advanced in early trading Tuesday, spurred on by continued heat in the latest forecasts and by signs of retreating production volumes. Coming off an 8.7-cent rally in the previous session, the August Nymex contract was up 3.2 cents to $2.701/MMBtu at around 8:40 a.m. ET. The weather data trended warmer overnight, with…

Natural gas futures appeared poised to snap their recent losing streak in early trading Monday, surging higher as analysts pointed to a strengthening cooling demand outlook heading into the back half of July.  The August Nymex contract was up 9.5 cents to $2.677/MMBtu at around 8:40 a.m. ET. Weather models over the weekend indicated “intensifying…

Weekly natural gas cash prices rallied early amid lofty temperatures and strong cooling demand across much of the Lower 48. But bullish sentiment faded late in the week amid a production rebound and an expected respite from the heat over the weekend. NGI’s Weekly Spot Gas National Avg. for the Independence Day holiday-abbreviated July 5-7…

Natural gas futures appeared to be searching for direction on Friday, with the latest storage data not really moving the needle much and little change in fundamentals otherwise. After the latest rig data showed a hefty surprise addition, however, the August Nymex futures contract closed out the week at $2.582/MMBtu, down 2.7 cents from Thursday’s…

Natural gas futures extended their losses on Thursday as this week’s heatwave was set to begin subsiding, paving the way for a drop in cooling demand ahead of the weekend. The August Nymex contract settled 4.8 cents lower day/day at $2.609/MMBtu. Spot gas prices quickly reversed course, with widespread losses essentially undoing the prior day’s…