NYMEX

Natural Gas Futures Slide as Warmer Weather Trumps Possible Mid-Month Cold; Spot Gas Slips

Natural Gas Futures Slide as Warmer Weather Trumps Possible Mid-Month Cold; Spot Gas Slips

March Nymex natural gas futures sank 7.3 cents day/day and settled just above key $2.000 support as “extremely light” heating demand in the near term – and forecasts for the return of double-digit storage withdrawals – outweighed the potential boost in demand mid-month. At A Glance: Natural gas futures test support Near-term weather pressures Cash…

February 6, 2024
Natural Gas Futures Ease Lower Early as Market Eyes Potential Colder Shift

Natural Gas Futures Ease Lower Early as Market Eyes Potential Colder Shift

With the market in an apparent holding pattern as traders await more details on the extent of colder weather arriving later this month, natural gas futures eased lower early Tuesday. The March Nymex contract was off 2.5 cents to $2.057/MMBtu at around 8:35 a.m. ET. In early trading, the front month did not venture outside…

February 6, 2024
Natural Gas Futures Flat, Stifled By Evolving Weather Patterns; Cash Up with Storms

Natural Gas Futures Flat, Stifled By Evolving Weather Patterns; Cash Up with Storms

March Nymex natural gas futures ended nearly unchanged on the plus side in the week’s opening session as the market locked onto near-term weather forecasts for mild conditions ahead of an expected blast of mid-February cold. At A Glance: Futures near unchanged Supply concerns persist Spot gas gains The front-month contract settled at $2.082/MMBtu, less…

February 5, 2024
Natural Gas Futures Ease Lower Early Amid Near-Term Warmth, Production Strength

Natural Gas Futures Ease Lower Early Amid Near-Term Warmth, Production Strength

With the prospect of a colder back half of February countered by mild weather and continued production strength in the interim, natural gas futures probed both sides of even early Monday. The March Nymex contract was off 3.1 cents to $2.048/MMBtu at around 8:45 a.m. ET, though the front month had pushed as high as…

February 5, 2024
Natural Gas Futures ‘Limping’ Along as Market Awaits Potential Mid-February Pattern Shift

Natural Gas Futures ‘Limping’ Along as Market Awaits Potential Mid-February Pattern Shift

Natural gas futures hovered close to even in early trading Friday as the market continued to look to the second half of February for a possible shift away from the exceptionally mild winter weather pressuring prices. The March Nymex contract was unchanged at $2.050/MMBtu at around 8:43 a.m. ET. April was off a fraction of…

February 2, 2024
Futures Slightly Higher as Natural Gas Traders Await Triple-Digit Storage Print

Futures Slightly Higher as Natural Gas Traders Await Triple-Digit Storage Print

Natural gas futures inched higher early Thursday as traders prepared to digest the latest government inventory data, expected to show another strong January withdrawal.  The March Nymex contract was up 1.2 cents to $2.112/MMBtu at around 8:41 a.m. ET. April was up 0.6 cents to $2.127. In the follow-up to last week’s record-challenging 326 Bcf…

February 1, 2024
Forecasts Hint at Cooler Shift as Natural Gas Futures Probe Higher

Forecasts Hint at Cooler Shift as Natural Gas Futures Probe Higher

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…

January 31, 2024
Facing Mild Temps, Production, Natural Gas Futures Eke Out Early Gains

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…

January 30, 2024
Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down

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…

January 29, 2024
Volatile February Natural Gas Plunges Early as Fundamental Outlook Seen Bearish

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…

January 29, 2024