natural gas spot prices

Weekly Natural Gas Prices Waffle, Ultimately Forge Ahead Along with Futures

Weekly Natural Gas Prices Waffle, Ultimately Forge Ahead Along with Futures

Despite dings along the way, weekly cash prices gained ground amid lofty temperatures across much of the Lower 48 and inconsistent production levels. NGI’s Weekly Spot Gas National Avg. for the July 25-28 period advanced 40.5 cents to $8.655. Robust cooling demand fueled strong advances for physical prices on Monday and Tuesday. Prices pulled back…

July 29, 2022
Cloudy Supply/Demand Picture Limits Natural Gas Outlook, Sends Futures Lower

Cloudy Supply/Demand Picture Limits Natural Gas Outlook, Sends Futures Lower

Natural gas futures hovered in a narrow range early Friday before creeping lower and ultimately finishing firmly in negative territory, as traders determined the prior day’s nearly 80-cent rally was overcooked. The August Nymex gas futures contract settled at $6.034/MMBtu, down 26.3 cents day/day. September shed 29.5 cents to $5.967. At A Glance: Markets mull…

July 8, 2022
Technicals Drive Natural Gas Futures Rebound as Cash Rises on Lingering Heat

Technicals Drive Natural Gas Futures Rebound as Cash Rises on Lingering Heat

An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually high levels…

June 27, 2022
Bulls Buy Dip, Send Natural Gas Futures Modestly Higher Despite Hefty Storage Build

Bulls Buy Dip, Send Natural Gas Futures Modestly Higher Despite Hefty Storage Build

Natural gas futures were poised to extend their decline for a third straight day after the latest government inventory report showed a bigger-than-expected increase in storage levels for mid-April. A pop late in Thursday’s session, however, lifted the May Nymex gas futures contract to $6.957/MMBtu, up 2.0 cents day/day. June futures tacked on 3.0 cents…

April 21, 2022
Natural Gas Price Bulls Persevere on Production Decrease, Deteriorating Storage Outlook

Natural Gas Price Bulls Persevere on Production Decrease, Deteriorating Storage Outlook

After a bit of hesitation, natural gas futures notched another day in the green as production declined and weather models aligned in showing a cooler-than-normal pattern that would keep hefty storage deficits intact throughout the month. The May Nymex contract settled at $6.680/MMBtu, up 3.7 cents day/day. June futures climbed 4.0 cents to $6.763. Spot…

April 12, 2022
With Fresh Pandemic Concerns and Spring Temperatures, April Natural Gas Futures Contract Flops on Final Day

With Fresh Pandemic Concerns and Spring Temperatures, April Natural Gas Futures Contract Flops on Final Day

Natural gas futures floundered on Tuesday as the domestic weather outlook shifted increasingly bearish, production ticked up and energy commodities broadly dipped lower amid pandemic flare-ups and the potential for a cease-fire in Ukraine. On its final day as the prompt month, the April Nymex gas futures contract lost 17.2 cents day/day and settled at…

March 29, 2022
April Natural Gas Futures Falter as Expiry Approaches; Spot Prices Spike in Northeast

April Natural Gas Futures Falter as Expiry Approaches; Spot Prices Spike in Northeast

Natural gas prices drifted lower early Monday and held there as traders assessed evolving weather patterns and the potential for storage injections against flat production and ongoing robust demand for U.S. exports.    The April Nymex gas futures contract settled at $5.508/MMBtu, down 6.3 cents day/day. May shed 7.3 cents to $5.538. NGI’s Spot Gas National…

March 28, 2022
April Natural Gas Futures Fly Above $5 as LNG Exports Hover Near All-Time Highs

April Natural Gas Futures Fly Above $5 as LNG Exports Hover Near All-Time Highs

Natural gas prices advanced for a second day, as traders on Tuesday absorbed a favorable shift in weather forecasts and record demand for U.S. liquefied natural gas (LNG) exports. The April Nymex gas futures contract gained 28.7 cents day/day and settled at $5.187/MMBtu. May rose 29.3 cents to $5.227. NGI’s Spot Gas National Avg. gained…

March 22, 2022
April Natural Gas Futures Extend Losses as Weather Picture Brightens

April Natural Gas Futures Extend Losses as Weather Picture Brightens

Natural gas futures dived lower for a second straight session on Tuesday amid warmer weather patterns and the potential for storage injections over the coming weeks. The April Nymex gas futures contract settled at $4.568/MMBtu, down 9.0 cents day/day. May fell 8.5 cents to $4.617. NGI’s Spot Gas National Avg. shed 17.0 cents to $4.075…

March 15, 2022
Despite Ukraine War and Global Price Upheaval, Natural Gas Futures Drop Amid Mild Weather Forecasts

Despite Ukraine War and Global Price Upheaval, Natural Gas Futures Drop Amid Mild Weather Forecasts

Natural gas futures slipped lower for a second consecutive day, as traders continued to focus on bearish shifts in domestic weather outlooks even as war raged in Ukraine and Western sanctions against Russia threatened to send global commodity prices to record highs. The April Nymex natural gas futures contract settled at $4.527/MMBtu, down 30.6 cents…

March 8, 2022
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