Physical

Eastern Heat, Humidity Boost Cash; Futures Continue Lower

The physical natural gas market added an average of 4 cents Monday for Tuesday delivery, led by surging prices at Northeast points prompted by warm temperatures and big jumps in next day power. Eastern points also tallied double digit gains, far outdistancing trading centers in the Midwest and Gulf as well as those in California and the Rockies. At the close of futures trading July had fallen 3.2 cents to $3.739 and August was off 3.3 cents to $3.760. August crude oil recovered $1.49 to $95.18/bbl.

June 25, 2013

Worldwide Commodity Implosion Sends Cash, Futures Lower

Physical natural gas prices fell nationally on average by approximately 6 cents in Thursday’s trading for Friday delivery, and although futures traders usually get their deals done prior to the release of storage data, the July contract was already down 6 cents prior to the release of the government inventory data.

June 21, 2013

Natural Gas Cash And Futures Waltz Higher

Physical natural gas prices Wednesday rose on average nationally by nearly 3 cents, and most points recorded gains ranging from fractional increases to a few pennies, while more than a handful of locations experienced small losses. Great Lakes and eastern points managed gains of 2-3 cents, but New England couldn’t escape the grip of a soft power market and it was flat to a penny lower. At the close of futures trading, July had added 5.8 cents to $3.963 and August was up 5.8 cents as well to $3.985. July crude oil slipped 20 cents to $98.24/bbl.

June 20, 2013

Cash Leads Futures Higher as Gulf Buyers Scramble

Physical natural gas prices nationally rose on average by 8 cents Tuesday with Gulf points taking the lead. Great Lakes and eastern points were also strong, and at the close of futures trading, July had advanced 3.0 cents to $3.905 and August was 3.0 cents higher as well to $3.927. July crude oil gained 67 cents to $98.44/bbl.

June 19, 2013

East, Northeast Lead Broad Gains; Forecast Warmth Prompts Futures Rise

Physical natural gas prices on average rose 8 cents Monday led by strong gains posted by East and Northeast points, hefty screen gains, and buoyant next-day power prices. New England locations proved to be the biggest winners, but eastern points were not far behind. Gulf and California points firmed as well. At the close of futures trading July had advanced 14.2 cents to $3.875 and August rose 13.8 cents to $3.897. July crude oil slipped 8 cents to $97.77/bbl.

June 18, 2013

Market Hub Prices Mixed; Futures Limp Lower

Physical gas for weekend and Monday delivery overall eased a penny as traders saw little incentive to buy a three-day package under conditions of mild expected weather and the ability to easily make intraday purchases as needed.

June 17, 2013

Cash Prices Follow Future’s Thursday Lead; July Steady

Physical natural gas prices on Friday played catch-up with Thursday’s futures collapse, and weekend and Monday gas at all but a handful of points scored double-digit losses averaging 16 cents.

June 10, 2013

Cash Slips On Mild Weather, But Futures Swoon On Storage Stats

Physical natural gas values fell an average of approximately 8 cents Thursday for Friday delivery as the retreat was in full swing prior to the release of Energy Information Administration (EIA) storage data.

June 7, 2013

Cash Eases; Advisory Expected for Tropical Storm Andrea

The physical natural gas cash market fell on average by 2 cents Wednesday as traders noted continuing weather-derived weakness at Northeast points. The Midwest was mixed and Gulf points eased a couple of pennies. The spot July contract was finally able to breach the $4.00 barrier and settled 0.3 cent higher at $4.001. August finished unchanged at $4.015, and July crude oil added 43 cents to $93.74/bbl.

June 6, 2013

Northeast Basis Soars, But Futures Ignore Forecasted Heat

Physical natural gas prices overall added 4 cents Tuesday as bidweek trading got into full swing. Traders saw most resorting to historical purchases and sales of bidweek volumes with no one trying to buy or sell index based on expected market direction. Eastern and Northeast points led the day’s advance, but most market points were steady to slightly higher, and only a few reported losses. At the close of futures trading, June had skidded 6.3 cents to $4.174 and July was off 6.0 cents to $4.224. July crude oil added 86 cents to $95.01/bbl.

May 29, 2013