Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…
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Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher
As updated forecasts hinted at higher cooling demand developing later in May, natural gas futures recovered the previous session’s losses in early trading Friday. After slipping 1.0 cents in Thursday’s trading, the June Nymex contract was up 1.3 cents to $2.941/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data projections from Bespoke…
May 7, 2021
Natural Gas Futures Steady Early as EIA Storage Report Said ‘More Important Than Most’
Natural gas futures eased lower early Thursday as traders awaited the latest government storage report, a potentially pivotal data point that has proven difficult to predict in recent weeks. The June Nymex contract was down 0.2 cents to $2.936/MMBtu at around 8:50 a.m. ET. The Energy Information Administration’s (EIA) latest weekly storage report, scheduled for…
May 6, 2021
Natural Gas Futures Await ‘Bullish Catalyst’ as Prices Called Slightly Lower Early
Coming off a range-bound trading session, and with the latest weather outlook offering little to excite bulls, natural gas futures hovered close to even early Wednesday. The June Nymex contract was off 1.3 cents to $2.954/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data Bespoke Weather Services made a “marginal increase” to…
May 5, 2021
Futures Called Slightly Lower Early, but Further Upside Seen for Natural Gas Prices
Natural gas futures hovered close to even in early trading Monday, with prices pausing after recent gains even as analysts pointed to further upside moving into the summer. The June Nymex contract was down 1.7 cents to $2.914/MMBtu at around 8:45 a.m. ET. Weather-driven demand expectations trended slightly higher over the weekend, with the forecast…
May 3, 2021
Natural Gas Futures Hover Near Even as Analysts Mull Third Straight Bearish EIA Print
As traders and analysts considered the implications of another smaller than expected withdrawal from the latest government inventory data, natural gas futures hovered close to even in early trading Friday. The April Nymex contract was off 0.4 cents to $2.477/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…
March 19, 2021
Cold Seen Weakening Later This Month as Natural Gas Futures Slide Early
Updated forecasts showing colder temperatures moderating later this month helped to pressure natural gas futures lower in early trading Tuesday. The March Nymex contract was down 7.0 cents to $2.812/MMBtu at around 8:50 a.m. ET. The American Global Forecast System (GFS) and European weather models both shed heating degree days from their respective outlooks overnight,…
February 9, 2021
‘Extremely Cold’ Weather Models Said Volatile as Natural Gas Futures Climb Early
Bolstered by continued intense cold in the latest weather model runs, natural gas futures recovered some of their recent losses in early trading Monday. After slipping 7.2 cents on Friday, the March Nymex contract was up 4.1 cents to $2.904/MMBtu at around 8:50 a.m. ET. Noting run-to-run volatility in the major weather models, Bespoke Weather…
February 8, 2021
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