NYMEX

American Model Cooler Trending as Natural Gas Futures Pare Losses Ahead of Storage Report

American Model Cooler Trending as Natural Gas Futures Pare Losses Ahead of Storage Report

Natural gas futures pared their losses early Thursday as traders prepared to digest the latest round of government inventory data, expected to reveal another lighter-than-average withdrawal to further pad the storage cushion. Coming off a 21.6-cent slide in the previous session, the March Nymex contract was up 2.6 cents to $2.494/MMBtu at around 8:50 a.m.…

February 2, 2023
Natural Gas Futures Grind Lower Early as Forecasts Offer Mild February Temps

Natural Gas Futures Grind Lower Early as Forecasts Offer Mild February Temps

Signs of production freeze-offs helped natural gas futures to slow their downward trajectory in early trading Tuesday in the face of more mild winter weather expected later this month.  Coming off a 17.2-cent decline in the previous session, the March Nymex futures contract was off 3.6 cents to $2.641/MMBtu at around 8:50 a.m. ET. The…

January 31, 2023
March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb

March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb

Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. At A Glance: Weather front delivers cold shots February forecast tilts warmer Production continues to hold strong The March Nymex gas futures contract, in its first regular…

January 30, 2023
Lack of Sustained Cold Again Weighs on Natural Gas Futures Early

Lack of Sustained Cold Again Weighs on Natural Gas Futures Early

Warmer-trending forecasts over the weekend, which showed near-term cold moderating by the second week of February, sent natural gas futures tumbling in early trading Monday. The March Nymex contract was down 14.3 cents to $2.706/MMBtu at around 8:45 a.m. ET. Weather models over the weekend shifted warmer for days seven through 15 of the outlook…

January 30, 2023
Natural Gas Futures Stumble Early as Market Mulls Another Light Storage Withdrawal

Natural Gas Futures Stumble Early as Market Mulls Another Light Storage Withdrawal

As traders and analysts continued to mull the implications of another unseasonably light January inventory pull, natural gas futures stumbled in early trading Friday. The expiring February Nymex contract was off 8.1 cents to $2.863/MMBtu at around 8:45 a.m. ET. March was down 3.6 cents to $2.812. The Energy Information Administration (EIA) on Thursday reported…

January 27, 2023
Natural Gas Futures Flirt With $3 Early as February Forecast Fails to Stave Off Bears

Natural Gas Futures Flirt With $3 Early as February Forecast Fails to Stave Off Bears

Natural gas futures flirted with the $3 mark in early trading Wednesday as updated forecasts moderated the temperature outlook heading into the second week of February.  The February Nymex contract, expiring later this week, was off 17.0 cents to $3.088/MMBtu at around 8:40 a.m. ET. March was down 8.7 cents to $2.970. Overnight selling occurred…

January 25, 2023
February Natural Gas Holds on to Gains Amid Frigid Forecast

February Natural Gas Holds on to Gains Amid Frigid Forecast

Front month natural gas futures were trading just shy of even early Tuesday as frigid forecasts continued to offer support. After rallying 27.3 cents in the previous session, the February Nymex contract was down 1.8 cents to $3.429/MMBtu at around 8:45 a.m. ET. March was off 4.8 cents to $3.174. The February contract managed to…

January 24, 2023
Freezing Forecasts and Freeport Momentum Send Natural Gas Futures, Spot Prices Sailing

Freezing Forecasts and Freeport Momentum Send Natural Gas Futures, Spot Prices Sailing

Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum. At A Glance: Prompt month gains…

January 23, 2023
‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

Natural gas futures rallied sharply in early trading Monday as weather models over the weekend advertised a significantly colder Lower 48 temperature outlook heading into early February.  The February Nymex contract was up 35.5 cents to $3.529/MMBtu at around 8:40 a.m. ET. March was up 12.0 cents to $3.156. Weather data over the weekend showed…

January 23, 2023
Light Withdrawal, Mild Winter Weather Keep Pressure on Natural Gas Futures Early

Light Withdrawal, Mild Winter Weather Keep Pressure on Natural Gas Futures Early

With traders and analysts continuing to mull the balance implications of the latest government inventory data, and with updated forecasts failing to impress following weeks of mild weather to start the year, natural gas futures remained under pressure early Friday. The February Nymex contract was off 3.7 cents to $3.238/MMBtu at around 8:45 a.m. ET.…

January 20, 2023
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