Little Gas Needed for Long Weekend; Futures Feel ‘Soft’

Physical gas prices overall for the extended holiday weekend fell 3 cents, with double-digit losses posted at California points and losses in place at eastern and Midwest locations as well. About two-dozen points scored gains. Futures prices eased as well, and at the close June had lost 2.4 cents to $4.237 and July was off 2.3 cents to $4.284. July crude oil fell 10 cents to $94.15/bbl.

May 28, 2013

Northeast Eases, But Midcontinent, East Firm; Futures Inch Higher

Physical natural gas fell all of a half cent on average Thursday as traders got most deals done prior to the Energy Information Administration (EIA) report on natural gas inventories.

May 10, 2013

Cash Flat to Lower; Futures Traders in Position Ahead of EIA Report

The physical natural gas market on average moved a penny lower Wednesday, as buyers seemed content with mild weather to rely mostly on baseload volumes. Points in and around the Great Lakes were up by a couple of pennies and around the Gulf, prices held within a 2-cent range of unchanged. Rockies points were mostly unchanged as well. Futures gained on light volume as players positioned themselves ahead of Thursday’s Energy Information Administration (EIA) storage report. At the close of trading, June futures had risen 5.8 cents to $3.978 and July closed 5.6 cents higher at $4.030. June crude oil gained $1.00 to $96.62/bbl.

May 9, 2013

Cash Prices Quiet, But Futures Traders See Downside Risk

Physical gas prices overall were flat Wednesday with most price averages fluctuating within a couple of pennies. Even the typically volatile Northeast traded within 1-2 cents of Tuesday’s prices.

April 18, 2013

Early Spring Coolness Keeps Most Points Higher; Futures Flounder

Physical gas prices overall averaged four cents higher Monday with most points reporting nominal temperature-driven gains. Eastern points averaged gains of about a nickel, and Midwest locations gained close to a nickel as well, as chilly and stormy conditions were expected to prevail nearterm.

April 16, 2013

Northeast, Midwest Opt Out of Cash Gains; Futures Soar

Physical natural gas prices on average for weekend and Monday delivery added a couple of pennies Friday as gains throughout a majority of the country overcame some losses in the Midwest, Great Lakes and Northeast. Seesawing weather conditions were expected to result in Monday temperatures slightly to much above normal in the Midwest.

April 8, 2013

Northeast Gains Mask Overall Weakness; Futures Rally Off Lows

Physical natural gas prices fell an average 3 cents overall in Monday’s trading, but that hid a much broader and deeper market decline. If multi-dollar advances on volatile Northeast pipelines are factored out, the market decline was just shy of 16 cents. Offsetting the Northeast strength were stout losses at California and Rocky Mountain points. After a weak open, May natural gas futures trimmed losses to nine-tenths of a cent to $4.015 and June eased five-tenths of a cent to $4.061. May crude oil fell 16 cents to $97.07/bbl.

April 2, 2013

Weak Northeast Masks Moderate Market Gains; Futures See 18-Month High

Physical natural gas cash prices fell 3 cents on average Wednesday, but that included some hefty drops at northeastern points, as weather-related demand plummeted. If those are taken out of the mix, the overall market actually added a couple of pennies on average. Gulf points were particularly strong, and New England was particularly weak. Spot futures managed to settle well above $4 and posted an 18-month high. At settlement May was $4.068, up 7.7 cents and June added 7.7 cents as well to $4.108. May crude oil gained 24 cents to $96.58/bbl.

March 28, 2013

Cooler Temps Keep Cash Market Well Bid; Futures Flounder

The physical market overall was unchanged Thursday, but that was due in large part to multi-dollar losses at constrained northeast pipelines such as Algonquin, Iroquois and portions of Tennessee. Omitting those losses from the equation results in a 6-cent market gain.

March 22, 2013

Northeast Gains Hide Modest Market Losses; Futures Notch New High

Physical gas prices were mostly down Tuesday except for in the Northeast, where traders dug in and bought necessary volumes to see them through late-season cold and a series of storms.

March 20, 2013