NYMEX

February Natural Gas Futures Fall on Demand Uncertainty; Spot Prices Stumble

February Natural Gas Futures Fall on Demand Uncertainty; Spot Prices Stumble

Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in the nation’s capital. The February Nymex gas futures contract shed seven-tenths of a cent day/day and settled at $2.539/MMBtu. Prices recovered late…

January 20, 2021
Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Milder trends overnight in the forecast data piled on the pressure for natural gas futures in early trading Wednesday as hopes for substantive weather-driven demand this winter rapidly fade. After settling 19.1 cents lower in the previous session, the February Nymex contract was down 7.1 cents to $2.475/MMBtu at around 8:40 a.m. ET. The overnight…

January 20, 2021
Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

In another disappointment for natural gas bulls in a winter largely devoid of serious cold, weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5 cents to $2.582/MMBtu at around 8:45 a.m. ET. Compared to…

January 19, 2021
Natural Gas Futures Rebound Early as Models Retain Late January Cold

Natural Gas Futures Rebound Early as Models Retain Late January Cold

As models maintained expectations for a shift to colder U.S. temperatures to close out the month of January, natural gas futures reversed their recent losses in early trading Friday. After giving up 6.1 cents in the previous session, the February Nymex contract was up 9.1 cents to $2.757/MMBtu at around 8:40 a.m. ET. Recent weather…

January 15, 2021
Natural Gas Futures Steady Early as Market Awaits Latest EIA Storage Number

Natural Gas Futures Steady Early as Market Awaits Latest EIA Storage Number

With mixed trends in the overnight weather data and the market awaiting the latest round of government inventory data, natural gas futures were hovering close to even in early trading Thursday. The February Nymex contract was up 0.4 cents to $2.731/MMBtu at around 8:45 a.m. ET. Traders and analysts are predicting another triple-digit withdrawal from…

January 14, 2021
February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

In an erratic day of trading that saw natural gas futures swing between gains and losses several times, the prompt month eventually finished in the red despite the potential for a surge in freezing temperatures and robust heating demand in late January. Lower production, rising U.S. liquefied natural gas (LNG) volumes and expectations for a…

January 13, 2021
Models in Better Agreement on Late-Month Cold as Natural Gas Futures Advance Early

Models in Better Agreement on Late-Month Cold as Natural Gas Futures Advance Early

With the market still eyeing a potential shift to notably chillier temperatures later this month, natural gas futures were up several cents in early trading Wednesday. The February Nymex contract was up 3.0 cents to $2.783/MMBtu at around 8:40 a.m. ET. Prices retreated in Tuesday’s trading as midday weather model runs backed off on the…

January 13, 2021
Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early

Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early

Buoyed by forecasts showing frigid temperatures finding their way into the Lower 48 later this month, natural gas futures rallied in early trading Tuesday. The February Nymex contract had surged 11.8 cents to $2.865/MMBtu as of 8:40 a.m. ET. Overall gas-weighted degree day expectations were largely unchanged day/day in the latest Bespoke Weather Services forecast…

January 12, 2021
Forecasts Shift Warmer Over Weekend as Natural Gas Futures Slide

Forecasts Shift Warmer Over Weekend as Natural Gas Futures Slide

Warming trends from forecasts over the weekend, albeit with hints of potential colder temperatures for key U.S. regions later this month, pressured natural gas futures lower in early trading Monday. The February Nymex contract was down 3.8 cents to $2.662/MMBtu at around 8:45 a.m. ET. After previously offering different outlooks on the upcoming pattern, the…

January 11, 2021
Warm Model Trends See Natural Gas Futures Retreat Early

Warm Model Trends See Natural Gas Futures Retreat Early

With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for…

January 8, 2021
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