February natural gas is set to open a penny lower Thursday morning at $3.29 as traders grapple with a wide range of estimates for a key government inventory report and weather forecasts turn slightly cooler. Overnight oil markets gained.
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Bears Stirring as Forecasts Moderate; February Called 4 Cents Lower
February natural gas is expected to open 4 cents lower Tuesday morning at $3.38 as near-term forecasts moderate east of the Rockies and degree day counts fall far short of historical norms. Overnight oil markets rose.
‘Mismatched’ Market Rolls Higher; January Called Up 10 Cents
January natural gas is set to open 10 cents higher Tuesday morning at $3.76 as traders brace for another onslaught of inventory-pulling cold expected to traverse deep into the Midwest. Overnight oil markets rose.
Heating Loads Recalculated; December Seen Up A Penny
December natural gas is set to open a penny higher Wednesday morning at $2.72 as traders factor in expected cold in eastern markets later in the month. Overnight oil markets were mixed.
Traders Looking Beyond Weather, Storage; December Called 3 Cents Higher
December natural gas is set to open 3 cents higher Monday morning at $3.14 as traders look beyond near-term weather outlooks calling for continued mild conditions in major energy markets. Overnight oil markets fell.
Heating and Cooling Load Hard to Find; November Called 3 Cents Lower
November natural gas is set to open 3 cents lower Monday morning at $3.26 as forecasters can come up with no near-term seasonal cold to spur demand. Overnight oil markets rose.
Bulls Grappling With Expected Weak Heating Load; November Seen Down 3 Cents
November natural gas is set to open 3 cents lower Wednesday morning at $3.21 as traders start to tally what looks to be a sub-par level of heating demand in the near term. Overnight oil markets inched higher.
Big Hurdles Ahead For NatGas Bulls; November Called A Penny Lower
November natural gas is expected to open a penny lower Monday morning at $3.18 as traders factor in less than normal heating and cooling loads, and technicians see natural gas as having completed a five-wave advance. Overnight oil markets were mixed.
Cooling, Heating Load Seen Subpar; November Called 2 Cents Lower
November natural gas is set to open 2 cents lower Wednesday morning at $2.94 as cooling and heating load are still predicted to be well below normal. Overnight oil markets rose.
Warmth Still Holding; October Seen A Penny Higher
October natural gas is expected to open a penny higher Wednesday morning at $2.73 as traders admit to a tenacious warmth expected to not relinquish its hold on major eastern energy markets. Overnight oil markets were mixed.