NYMEX

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
Warmth Continues to Dominate Outlook as Natural Gas Futures Slide

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…

January 26, 2024
Volatile Natural Gas Futures Front Month Surges as Traders Await Huge Storage Pull

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…

January 25, 2024
Technical Factors Seen Supporting Natural Gas Futures Rally; Mild Forecast Trends Colder

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…

January 24, 2024