Natural gas futures churned out another price gain on Tuesday, with analysts largely seeing the move higher as technically driven rather than fueled by any significant change in the supply/demand balance. The March Nymex gas futures contract climbed 12.7 cents on the day to $2.584/MMBtu, while April futures picked up 12.9 cents to $2.664. Spot…
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Natural Gas ‘Relief Rally’ Seen Faltering as March Contract Slides Early
Natural gas futures gave back some of their recent gains in early trading Wednesday as a largely weak weather-driven demand outlook continued to keep the pressure on prices. The March Nymex contract was off 5.5 cents to $2.529/MMBtu at around 8:50 a.m. ET. The American and European weather models made only small adjustments to projected…
Natural Gas Futures Rise, but Supply Side Chatter Ramps Up Given Uninspiring Demand Outlook
Natural gas futures churned out another price gain on Tuesday, with analysts largely seeing the move higher as technically driven rather than fueled by any significant change in the supply/demand balance. The March Nymex gas futures contract climbed 12.7 cents on the day to $2.584/MMBtu, while April futures picked up 12.9 cents to $2.664. Spot…
Natural Gas Futures Recover Slightly, but Bearish Headwinds Persist
Coming off a week in which natural gas futures tumbled nearly 30 cents at the front of the curve, the Nymex March contract appears to be trying to find a bottom. The prompt month traded mostly range bound throughout Monday’s session before ultimately settling 4.7 cents higher at $2.457/MMBtu. Spot gas prices continued to decline,…
Natural Gas Futures Advance Early as ‘Muted’ Relief Rally Said Possible
Helped along by colder trends in the forecast for later this month, natural gas futures advanced in early trading Tuesday as analysts saw potential for a modest rebound in prices in the wake of relentless selling. After eking out a 4.7 cent gain in the previous session, the March Nymex contract was up 7.1 cents…
Modest Gains for Natural Gas Futures Early as Market Searches for Support
Natural gas futures climbed modestly in early trading Monday as recent weather model runs teased colder temperatures developing later this month, albeit with extremely mild conditions in the interim. Paring losses from Friday’s session, the March Nymex contract was up 3.3 cents to $2.443/MMBtu at around 8:40 a.m. ET. Models over the weekend maintained “exceptionally…
Bloodshed in Natural Gas Futures, Cash Markets as Temperatures Quickly Thaw
Natural gas futures continued to sell off on Friday as an expected warmup and likely rebound in production over the weekend pressured prices. The March Nymex gas futures contract closed out the week at $2.410/MMBtu, off 4.6 cents on the day. April futures slid 4.2 cents to $2.480. At A Glance: February forecast seen bearish…
Spot Gas Prices Surge in New England Ahead of Arctic Blast; Futures Shed a Penny
Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…
Analysts See Signs of Tighter Balances as Natural Gas Futures Claw Back a Few Pennies
Natural gas futures added a few pennies in early trading Friday as the market mulled signs of tightening balances following the latest round of government inventory data, while forecasts continued to hone in on mild February temperatures. The March Nymex contract was up 3.9 cents to $2.495/MMBtu at around 8:30 a.m. ET. The overnight weather…
Natural Gas Forward Discounts Widespread as February Expected to Bring More Warmth
Value continued to erode in regional natural gas forwards markets during the Jan. 26-Feb. 1 trading period as forecasts showed this month was poised to carry over the same warm-dominated themes that have collapsed prices winter-to-date. March fixed prices at benchmark Henry Hub sank 44.7 cents to end the period at $2.473/MMBtu, and regional hubs…