As forecasts teased the prospect of an exceptionally mild February pattern turning cooler into the back half of the month, natural gas futures advanced in early trading Wednesday. The March Nymex contract was up 5.8 cents to $2.135/MMBtu at around 8:51 a.m. ET. April was up 5.3 cents to $2.157. As the March contract attempts…
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Facing Mild Temps, Production, Natural Gas Futures Eke Out Early Gains
Natural gas futures attempted to claw back some of their recent losses early Tuesday as exceptionally mild temperatures and recovering production volumes continued to weigh on prices. Coming off a 12.1-cent sell-off Monday as the February Nymex contract rolled off the board, March was up 2.8 cents to $2.082/MMBtu at around 8:50 a.m. ET. Weather…
Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down
Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw Southeast bucks warm trend Production recovery continues The February Nymex gas futures contract dropped 22.2 cents day/day to settle at $2.490/MMBtu. The…
Volatile February Natural Gas Plunges Early as Fundamental Outlook Seen Bearish
Warm mid-February temperatures and recovering production volumes helped sink natural gas futures in early trading Monday. After rallying 14.1 cents Friday, the expiring February Nymex contract was off 20.7 cents to $2.505/MMBtu at around 8:50 a.m. ET on thin volume. The March contract was down 6.5 cents to $2.110. After trading in a wide range…
Warmth Continues to Dominate Outlook as Natural Gas Futures Slide
Natural gas futures eased lower early Friday as balmy temperatures weighed on prices, overshadowing a historically large withdrawal in the latest government inventory data. The February Nymex contract was off 4.0 cents to $2.531/MMBtu at around 8:36 a.m. ET, with March down 2.0 cents to $2.160. The U.S. Energy Information Administration’s (EIA) latest weekly storage…
Volatile Natural Gas Futures Front Month Surges as Traders Await Huge Storage Pull
As traders eyed a potentially record-challenging storage withdrawal following widespread winter weather last week, expiring February natural gas futures continued a sharp rebound in early trading Thursday. The front month, set to roll off the board early next week, was up 13.5 cents to $2.776/MMBtu at around 8:46 a.m. ET. With higher volume, the March…
Technical Factors Seen Supporting Natural Gas Futures Rally; Mild Forecast Trends Colder
A combination of technical momentum and colder adjustments to a still-mild weather outlook helped natural gas futures recover in early trading Wednesday, building on a strong finish to the previous session. The February Nymex contract was up 7.4 cents to $2.524/MMBtu at around 8:30 a.m. ET. March was up 4.6 cents to $2.213. The front…
Natural Gas Futures Continue to Sink on Mild Temps
A mild temperature outlook stretching into early February continued to put pressure on natural gas futures in early trading Tuesday. The February Nymex contract was down 6.5 cents to $2.354/MMBtu at around 8:45 a.m. ET. March was off 2.5 cents to $2.100. Updated forecast maps from Maxar’s Weather Desk Tuesday continued to show predominantly warmer-than-normal…
Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February
Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Forecasts point to warmer week Production reaches 101 Bcf/d NGI models 320 Bcf withdrawal The February Nymex gas futures contract fell…
Widespread Warmth for Late January, Early February Crushes Natural Gas Futures
As exceptional warmth from updated forecasts dispelled hopes for a more impressive follow-up to this month’s winter blast, natural gas futures continued to crumble early Monday. The February Nymex contract was down 14.1 cents to $2.378/MMBtu at around 8:51 a.m. ET. March was off 12.5 cents to $2.127. The latest forecast from Maxar’s Weather Desk…