Natural gas futures retreated in early trading Thursday as the market looked ahead to a potentially larger-than-average injection in the latest weekly government inventory report. The October Nymex contract was down 9.6 cents to $7.683/MMBtu as of around 8:45 a.m. ET. Following an up-and-down session Wednesday as markets digested news of Russia’s plans to call…
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October Natural Gas Futures Extend Losing Streak; Cash Prices Called Lower
Natural gas futures gave up more ground Tuesday despite a bout of near-term heat and a drop in production, extending to four days a string of consecutive losses. The October Nymex gas futures contract shed 3.5 cents day/day and settled at $7.717/MMBtu. November fell 3.2 cents to $7.772. NGI’s Spot Gas National Avg. on Tuesday…
Natural Gas Futures, Cash Prices Trade Sideways Amid Strong Demand
Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…
Natural Gas Futures, Cash Prices Fail to Sustain Fresh Momentum
Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…
Natural Gas Futures, Spot Prices Nosedive as Production Holds Strong
Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…
Weekly Natural Gas Prices, Futures See-Saw in Wild Trading Stretch
Natural gas cash prices both soared and plummeted during the week that ended Sept. 16 in volatile late-summer trading. When the dust settled at the close of a news-heavy five-day span, spot prices landed in negative territory. NGI’s Weekly Spot Gas National Avg. for the Sept. 12-16 period shed 19.5 cents to $7.670. Natural gas…
Natural Gas Futures Fall Further as Market Braces for Potential Triple-Digit Storage Injection
Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…
Natural Gas Futures, Cash Prices Nosedive to End Win Streak
Natural gas futures snapped a five-day rally and plunged in Thursday trading. The October Nymex gas futures contract fell 79.0 cents day/day and settled at $8.324/MMBtu after officials said a railway strike had been avoided and the latest government inventory report proved bearish. The prompt month had jumped 83.0 cents on Wednesday, the biggest gain…
Natural Gas Futures Extend Losses Early Following Looser Storage Print, Averted Railroad Strike
With traders still mulling the implications of a larger-than-expected storage print, and with the market continuing to recalibrate following recent reports of a deal to avert a railroad strike, natural gas futures extended their losses in early trading Friday. The October Nymex contract was down 16.0 cents to $8.164/MMBtu at around 8:45 a.m. ET. The…
Natural Gas Forwards Rally Amid Nymex Volatility, Late-Season Cooling Demand
Regional natural gas forwards rallied sharply during the Sept. 8-14 trading period, coinciding with a surge in the futures market amid apparent market speculation over impacts to power burns from a potential railroad strike, NGI’s Forward Look data show. Also bolstered by lingering storage deficits and a bout of late-season cooling demand expected for next…