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…
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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…
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…
Natural Gas Futures Rebound as LNG Demand Potential Mounts Amid Russia-Ukraine War
Natural gas prices bounced back Tuesday amid potential for even stronger demand for U.S. exports of liquefied natural gas (LNG) against the backdrop of Russia’s invasion of Ukraine and the specter of European supply disruptions as the war raged into a seventh day. The April Nymex gas futures contract settled at $4.573, up 17.1 cents…
Natural Gas Futures Post Modest Increase on Near-Term Cold, Geopolitical Unrest
Natural gas strengthened after the extended holiday weekend as cold, rainy winter blasts continued to move across the country. With heightened geopolitical tensions driving a broader spike across commodities, the March Nymex gas futures contract settled Tuesday at $4.498/MMBtu, up 6.7 cents from Friday’s close. April futures climbed 8.4 cents to $4.461. Spot gas prices…
More Colder Trends in Weather Forecast Fuel Late Surge for Natural Gas Futures
Natural gas futures were choppy Tuesday. Prices swung sharply higher early on the increasing potential for cold weather to linger into early March, but then retreated significantly as part of a broader commodities sell-off amid easing political tensions. The last half hour of trading brought another surge following the latest weather data, with the March…
Natural Gas Futures Bounce Back Slightly on Returning Bouts of Cold; Cash Retreats
Natural gas futures rebounded Tuesday – but not by much – after weather data teased that Old Man Winter had a few more rounds in him. After climbing as much as 15.0 cents day/day, the March Nymex gas futures contract ultimately settled only 1.6 cents higher at $4.248. Cash prices took a bit of a…
Natural Gas Futures, Cash Prices Fail to Find Momentum as Forecasts Point to Waning Demand
Natural gas prices dived lower Monday as traders assessed expectations for warmer weather patterns and the potential for weakening demand over the coming weeks. The March Nymex gas futures contract settled at $4.232/MMBtu, down 34.0 cents day/day. April fell 29.4 cents to $4.198. NGI’s Spot Gas National Avg. dropped $1.885 to $4.735, with substantial losses…
Extreme Volatility Ends with March Natural Gas Off 12 Cents Despite Approaching Arctic Blast
After eight straight gains, natural gas futures stumbled on Tuesday as weather forecasts backed off the intensity of frigid weather expected in Texas later this week. Warmer weather in Europe, along with an increase in Russian gas flows to the continent, also weighed on U.S. markets, with the March Nymex gas futures contract down 12.3…
With LNG Momentum and More Cold Coming, February Natural Gas Futures Forge Ahead
Natural gas futures crept higher Tuesday, as traders assessed colder near-term weather patterns, export strength and expectations for increased storage draws against the potential for warmer weather next month. The February Nymex gas futures contract settled at $4.283/MMBtu, up 2.1 cents day/day. March, however, dipped 3.3 cents to $4.048. NGI’s Spot Gas National Avg. dropped…