As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978. The natural…
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Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends
Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…
Natural Gas Futures Pull Back as Traders Await Latest EIA Print
As traders prepared for a potential market-moving weekly inventory report, one that could provide further insight into how leaner production is affecting balances, natural gas futures pulled back early Thursday. Coming off modest gains in recent sessions, the May Nymex contract was down 5.1 cents to $1.834/MMBtu as of 8:55 a.m. ET. Estimates for the…
Natural Gas Futures Climb Early Amid Production Weakness, LNG Gains
Natural gas futures added to recent gains in early trading Wednesday as supportive trends in both production and exports helped stir bullish sentiment. The May Nymex contract was up 3.7 cents to $1.909/MMBtu as of 8:35 a.m. ET. The May contract was continuing to enjoy technical momentum heading into Wednesday’s session after crossing the 20-day…
Natural Gas Rally Loses Some Steam as Market Mulls LNG Outlook — MidDay Market Snapshot
After rallying early amid supportive fundamental trends, natural gas futures lost steam through midday trading. Market speculation around potential disruptions to LNG export traffic out of Corpus Christi, TX, may have played a role in tempering early gains. Here’s the latest: May Nymex futures trading at $1.873/MMBtu as of 2:30 p.m. ET, up 2.9 cents…
Drop in Latest Production Numbers as Natural Gas Futures Climb
Natural gas futures advanced further in early trading Tuesday as mounting evidence of production weakness offered encouragement for bulls. The May Nymex contract was up 3.7 cents to $1.881/MMBtu at around 8:40 a.m. ET. June was trading at $2.077, up 2.6 cents. Domestic production fell to 97.7 Bcf/d in Wood Mackenzie’s latest estimates early Tuesday,…
Natural Gas Futures Slightly Higher, but Some Downside Risks Seen Near-Term
Amid mild springtime weather-driven demand and steady readings for production and exports, natural gas futures hovered close to even in early trading Monday. The May Nymex contract was up 0.7 cents to $1.792/MMBtu as of 8:30 a.m. ET. June was trading at $2.013, up 0.3 cents. EBW Analytics Group analyst Eli Rubin told clients early…
Natural Gas Futures Flat to Lower Early as Market Mulls Mild Weather, Storage Outlook
Natural gas futures held steady at the front of the curve in early trading Friday as mild shoulder season weather and a somewhat looser-than-expected close to withdrawal season kept the pressure on prices. At around 8:45 a.m. ET, the May Nymex contract was close to unchanged at $1.773/MMBtu. The front month sold off 6.7 cents…
Natural Gas Futures Steady Early as Market Expecting Surplus-Trimming Storage Report
As natural gas traders and analysts prepared to unpack the latest government inventory report for evidence of tightening balances amid fading springtime production, futures hovered close to even early Thursday. The May Nymex contract was trading at $1.837/MMBtu as of 8:41 a.m. ET, off 0.4 cents. Pre-report predictions early Thursday pointed to a notably larger-than-average…
Natural Gas Futures Pull Back Slightly; Woes for West Texas Cash — MidDay Market Snapshot
After initially probing higher, natural gas futures dipped through midday trading Wednesday. Shoulder-season conditions appeared to be offering few clear signals to push prices in either direction. Here’s the latest: May Nymex futures down 2.2 cents to $1.840/MMBtu as of 2:15 p.m. ET Longer-dated contracts were seeing larger declines. The natural gas market enters the…