Natural gas futures

Natural gas futures rose on Thursday despite little change in the supply/demand backdrop of the market. Although the latest storage data were bullish, prices were higher before the report was published, and the print didn’t detract from what likely will be growing surpluses later this month. The March Nymex gas contract reached a $2.529 intraday…

Already deflated by overwhelmingly mild weather so far this winter, regional natural gas forward prices saw a mix of generally small adjustments during the Feb. 2-8 trading period, NGI’s Forward Look data show. Having descended into sub-$3 territory, benchmark Henry Hub conceded another 6.9 cents for March fixed price trading, ending the period at $2.404/MMBtu.…

The Energy Information Administration (EIA) reported another larger-than-expected withdrawal from natural gas storage inventories, this time a 217 Bcf pull that eclipsed NGI’s high-side estimate. Nymex natural gas futures were trading about a nickel higher at around $2.450/MMBtu in the minutes leading up to the EIA report, then bounced another couple of cents as the…

Natural gas futures faltered midweek, erasing the prior two days’ gains as traders looked ahead to growing storage surpluses later this month amid ongoing warmth across most of the country. The March Nymex gas futures contract settled Wednesday at $2.396/MMBtu, down 18.0 cents on the day. April futures slid 18.7 cents to $2.477. Spot gas…

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 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 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…

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,…

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…