NYMEX

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

A major colder shift from weather models over the weekend had natural gas futures soaring in early trading Monday, though forecasters wondered about the durability of the pattern change. The November Nymex contract was up 35.7 cents to $5.637/MMBtu at around 8:50 a.m. ET. Compared to Friday’s expectations, the latest model runs advertised a “material…

October 25, 2021
Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

With updated weather models seen teasing the possibility of colder temperatures developing next month, natural gas futures rallied sharply early Friday. The November Nymex contract was up 14.8 cents to $5.263/MMBtu as of around 8:50 a.m. ET. The latest model runs as of early Friday showed a setup that could increase the chances for more…

October 22, 2021
Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural gas futures pulled back early Thursday as traders prepared to digest the latest round of government inventory data, expected to show a sixth straight higher-than-average injection into Lower 48 stocks. The November Nymex contract was off 10.8 cents to $5.062/MMBtu at around 8:45 a.m. ET. Surveys ahead of the latest U.S. Energy Information Administration…

October 21, 2021
Lower 48 Pattern ‘Quite Hostile’ to Cold Air as Natural Gas Futures Back Under $5 Early

Lower 48 Pattern ‘Quite Hostile’ to Cold Air as Natural Gas Futures Back Under $5 Early

Continued bearishness in the weather-driven demand outlook saw natural gas futures reverse lower in early trading Wednesday. After rallying 9.9 cents in the previous session, the November Nymex contract was back under the $5 mark at around 8:45 a.m. ET, down 11.3 cents to $4.975/MMBtu. Prices in Tuesday’s session were able to “bounce higher…off a…

October 20, 2021
‘Crumbling’ Weather-Driven Demand Pressures Natural Gas Futures Lower Early

‘Crumbling’ Weather-Driven Demand Pressures Natural Gas Futures Lower Early

Natural gas futures extended their recent losses in early trading Tuesday as considerable weakness in the weather-driven demand outlook continued to weigh on prices. After plummeting 42.1 cents in the previous session, the November Nymex contract was down 9.9 cents to $4.890/MMBtu at around 8:45 a.m. ET. The front month probed back above the $5…

October 19, 2021
Natural Gas Futures Give Back Gains as Wind Gen Said Returning to Drive Up Injection Rate

Natural Gas Futures Give Back Gains as Wind Gen Said Returning to Drive Up Injection Rate

As the natural gas market continued to mull the implications of a lower-than-expected weekly storage build, one that appeared to derive from a temporary drop in renewable generation, futures prices retreated in early trading Friday. After rallying 9.7 cents in the previous session, the November Nymex contract was down 10.4 cents to $5.583/MMBtu at around…

October 15, 2021
Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Natural gas futures rallied sharply early Thursday as analysts pointed to stronger overseas prices and a less bearish domestic weather outlook. The November Nymex contract was up 20.9 cents to $5.799/MMBtu at around 8:50 a.m. ET. In terms of recent weather model runs, EBW Analytics Group analysts early Thursday observed an additional 8.4 Bcf of…

October 14, 2021
Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Natural gas futures extended their losses in early trading Tuesday, with prices skidding double digits amid a bearish outlook for October fundamentals. After stumbling 22.0 cents in the previous session, the November Nymex contract was down another 13.7 cents to $5.208/MMBtu at around 8:45 a.m. ET. The European and American weather models both lost degree…

October 12, 2021
Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Natural Gas Futures Pull Back Early After Initial Rally; Weather Data Trends Cooler

Volatile natural gas futures probed both sides of even in after hours trading ahead of Monday’s session as the market weighed cooler weekend weather trends against easing domestic storage adequacy concerns. After earlier rallying to as high as $5.799/MMBtu, the November Nymex contract was down 13.5 cents to $5.430 at around 8:50 a.m. ET. Liquefied…

October 11, 2021
Volatile Natural Gas Futures Advance Early; October Weather Still ‘Decidedly Bearish’

Volatile Natural Gas Futures Advance Early; October Weather Still ‘Decidedly Bearish’

With the market still on edge as it awaits details on early heating season temperatures, natural gas futures advanced in early trading Friday. The November Nymex contract was up 4.7 cents to $5.724/MMBtu at around 8:45 a.m. ET. Natural gas prices continued to show volatility in after-hours trading ahead of Friday’s session, with the prompt…

October 8, 2021
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