Natural gas futures

Prompt-month natural gas futures have ping-ponged between support levels after getting an injection of strength from the rolloff of the April contract last week. New York Mercantile Exchange (Nymex) natural gas futures gapped up last Wednesday, creating an immediate support level at $1.647/MMBtu, according to NGI’s Pat Rau, director of Strategy & Research. May futures…

The first day of April brought bullish price action to both natural gas futures and physical markets through midday Monday as a notable dip in production volumes appeared to fuel upward momentum. Still, like anything else on April 1, it may be best to approach first-of-the-month production estimates with some skepticism. Here’s the latest: May…

Weekly natural gas cash prices gave up modest ground despite a dose of chilly temperatures and lighter production readings to launch into the spring season.   In a Good Friday holiday-abbreviated week, NGI’s Weekly Spot Gas National Avg. for the March 25-27 trading period shed 5.5 cents to $1.300/MMBtu. Gas during the period was to flow…

May Nymex natural gas futures settled 4.5 cents higher Thursday, rallying late as traders considered the implications of a larger-than-anticipated storage withdrawal. At A Glance: May futures up 4.5 cents Storage down 36 Bcf Cash trades for Monday The front-month contract closed the session at $1.763/MMBtu, slipping from a $1.786 intraday high and off the…

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…

Natural gas futures were rallying through midday Thursday as the market continued to mull the balance implications of a storage result that landed on the bullish end of expectations. Cash prices, traded for Monday delivery, were generally pushing higher. Here’s the latest: May Nymex contract up 4.8 cents to $1.766/MMBtu at around 2:10 p.m. ET,…

The May Nymex natural gas futures contract crumbled in its premiere session in the lead position, anchored to the downside amid a plethora of bearish fundamentals, most notably abundant supply met by a shortage of demand. At A Glance: Prompt month sheds 7.0 cents Storage withdrawal expected Bearish spring weather ahead The newly anointed front-month…

Nymex natural gas futures traded lower ahead of the April contract’s expiration at the close, pressured by a lack of demand and with a storage overhang expected to widen through the shoulder season. At A Glance: April futures expire 4.0 cents down May futures move into lead near unchanged Texas cash prices pull into the…