natural gas storage

Natural gas futures eased lower in early trading Monday after warmer weather trends showed up in modeling over the weekend. The February Nymex contract was down 4.3 cents to $3.687/MMBtu at around 8:55 a.m. ET. Over the weekend weather models had appeared poised to move in a “bullish direction” by raising gas-weighted degree day (GWDD)…

Natural gas futures traders must think fireworks are an overrated way to ring in the new year, as the only sparks on Thursday were those resulting from prices slamming the pavement. The February Nymex futures contract dropped 28.9 cents to settle at $3.561/MMBtu in its debut at the front of the curve. March tumbled 26.1…

Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…

The Energy Information Administration (EIA) reported a 136 Bcf withdrawal from storage inventories for the week ending Dec. 24, well within a wide range of expectations. Natural gas futures prices were already about 8.0 cents lower on the day at $3.768/MMBtu ahead of the EIA report and then slipped another penny as the print crossed…

Amid mixed overnight weather trends, natural gas futures skidded lower early Thursday as traders prepared to digest another round of government inventory data. Heading into its first day as the prompt month, the February Nymex contract was off 5.0 cents to $3.800/MMBtu at around 8:50 a.m. ET. Surveys show a wide range of expectations for…

Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. At A Glance: Weather…

Weather models teasing additional January cold helped to rally natural gas futures early Wednesday ahead of front month expiration. The January Nymex contract was up 15.5 cents to $4.210/MMBtu at around 8:50 a.m. ET. After Tuesday’s runs produced warmer trends, weather models shifted colder overnight by “enhancing colder risks” for the eastern half of the…

Upcoming contract expirations and some wintry weather in the forecast fueled a massive recovery for natural gas futures on Monday. The January Nymex futures contract settled at $4.060/MMBtu, up 32.9 cents from last Thursday’s close. The February contract jumped 31.2 cents to $3.942. Spot gas prices were a mixed bag at the start of the…

As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. At A Glance: EIA shows stocks at…