NYMEX

With overnight forecasts shedding a small amount of heating demand from the outlook, and with traders preparing to digest updated government inventory data, natural gas futures eased lower in early trading Thursday. The May Nymex contract was down 2.1 cents to $2.597/MMBtu at around 8:45 a.m. ET. For this week’s U.S. Energy Information Administration (EIA)…

A major revision in the April weather forecast coming back from the Easter weekend took a big chunk out of natural gas forward prices for the period ending April 8. The short work week ended with the May contract down an average 10.0 cents and the balance of summer (May-October) off 7.0 cents, according to…

Natural gas futures were trading close to even early Friday amid no major changes to the weather outlook overnight, while analysts continued to mull the implications of the latest government inventory data. The May Nymex contract was up 1.2 cents to $2.534/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday…

Coming off gains in the previous session, natural gas futures reversed lower early Thursday as traders prepared to turn their attention to the latest round government inventory data. The May Nymex contract was down 3.2 cents to $2.488/MMBtu at around 8:50 a.m. ET. Predictions ahead of today’s U.S. Energy Information Administration (EIA) storage report, scheduled…

Natural gas futures managed to hold onto early gains midweek despite little change in fundamentals. The May Nymex gas futures contract traded in a nearly 10-cent band before settling Wednesday at $2.520, up 6.4 cents day/day. June picked up 6.1 cents to reach $2.597. Spot gas prices were mixed on Wednesday as the low price…

Natural gas futures recovered a few cents in early trading Wednesday as the latest forecasts showed colder temperatures arriving into the Midwest and East later this month. After sliding 5.5 cents in the previous session, the May Nymex contract was up 2.9 cents to $2.485/MMBtu at around 8:45 a.m. ET. The updated forecast from Bespoke…

Natural gas forward markets remained quiet as they closed out March, with near-record export demand going head to head with generally weak domestic demand. The May contract, which took over the prompt-month position on Tuesday, finished the period ending Wednesday (March 31) essentially flat from where it averaged on March 25, according to NGI’s Forward…

As natural gas traders looked ahead to the release of updated government storage data, expected to usher in the start of the injection season, futures were trading slightly lower early Thursday. The May Nymex contract was off 1.4 cents to $2.594/MMBtu at around 8:45 a.m. ET. Based on estimates, this week’s U.S. Energy Information Administration…

Natural gas futures were trading slightly higher early Wednesday as the latest forecasts advertised little change to the outlook and as technical factors were seen as a major influence on recent price action. The May Nymex contract was up 1.6 cents to $2.639/MMBtu at around 8:45 a.m. ET. In terms of the weather outlook, updated…