Natural gas futures extended losses into a fifth consecutive session Monday as fundamental support continued to evade, leaving little for the market to latch onto to drive March Nymex natural gas out of the basement and off more than three-year lows. At A Glance: Futures tumble 7.9 cents Bearish fundamentals persist West Texas bucks cash…
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Warmer Trends, Mild Late February Pattern Keep Pressure on Natural Gas Futures
Still weighed down by underperforming winter demand, and with weekend forecasts offering little indication that bearish weather headwinds will ease anytime soon, natural gas futures skidded lower in early trading Monday. The March Nymex contract was off 1.8 cents to $1.829/MMBtu at around 8:48 a.m. ET. April was down 2.2 cents to $1.863. Weekend forecast…
Natural Gas Futures Fall Even Further as Weather Models Weaken Mid-February Cold
Updated forecasts weakened heating demand expectations associated with an arriving mid-February pattern shift, and natural gas futures, already trading at a discount, continued to drop in early trading Friday. Coming off a 5.0-cent decline in the previous session, the March Nymex contract was off another 4.9 cents to $1.868/MMBtu at around 8:45 a.m. ET. Both…
Storage Surpluses to Rebound Higher with ‘Miniscule’ EIA Print as Natural Gas Futures Retreat
Natural gas futures continued to grind lower early Thursday as traders braced for an unseasonably light drawdown from the latest round of government inventory data. The March Nymex contract, after falling below the $2.000/MMBtu threshold on Wednesday, was down another 2.5 cents to $1.942 at around 8:45 a.m. ET. The U.S. Energy Information Administration (EIA)…
Natural Gas Futures Flirt with Sub-$2, but May ‘Stabilize’ on Mid-Month Cold Shift
Natural gas futures continued to hover above the $2/MMBtu threshold in early trading Wednesday as the market looked to cooler temperatures expected later this month to firm up support. The March Nymex contract was trading at $2.022 at around 8:36 a.m. ET, up 1.3 cents. April was up 1.1 cents to $2.018. The front month…
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…
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…
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…
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…
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…