PM Markets

Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural gas futures advanced Monday – the first trading session of 2021 – building on the nearly 12-cent gain to finish last year, with U.S. liquefied natural gas (LNG) exports strong, production flat and the weather-driven demand outlook improved. The February Nymex gas futures contract settled at $2.581/MMBtu, up 4.2 cents day/day. March rose 3.5…

January 4, 2021
Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook.  With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $2.305/MMBtu,…

December 28, 2020
LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

Despite favorable weather news, natural gas futures traded sideways Monday as worries mounted over a still-surging coronavirus pandemic and its potential impacts on economies and energy demand. The January Nymex contract settled at $2.705/MMBtu, up a half-cent day/day. February ticked up eight-tenths of a cent to $2.689. NGI’s Spot Gas National Avg., meanwhile, declined 19.5…

December 21, 2020
Gains Mount for Natural Gas Futures as Frosty Temps Creep into Forecasts; Snow Storms Lift Cash

Gains Mount for Natural Gas Futures as Frosty Temps Creep into Forecasts; Snow Storms Lift Cash

Natural gas futures extended their gains for a fourth consecutive session as weather models continue to tease more cold for the end of the month and into January. The January Nymex contract settled Monday at $2.682, up 9.1 cents from Friday’s close. February climbed 7.5 cents to $2.678. Spot gas prices also rallied at the…

December 14, 2020
‘Smelling Salts’ Awaken Natural Gas Futures After ‘Quite Strong’ EIA Report; Cash Mixed

‘Smelling Salts’ Awaken Natural Gas Futures After ‘Quite Strong’ EIA Report; Cash Mixed

Natural gas bulls were on parade Thursday as the stars aligned to offer support for struggling futures prices. Thanks to lower production, a “quite strong” storage withdrawal, cooler-trending weather outlooks and solid export demand, the January Nymex futures contract settled 11.1 cents higher at $2.553. February jumped 11.4 cents to $2.570. Spot gas prices continued…

December 10, 2020
January Natural Gas Plunges to $2.40 as ‘Domination of Warmth’ Set to Continue in December

January Natural Gas Plunges to $2.40 as ‘Domination of Warmth’ Set to Continue in December

Though not completely unexpected, natural gas futures cratered Monday as long-range weather outlooks grew even milder. With December on track to come in within the Top 10 warmest on record, the January Nymex gas futures contract settled at $2.406, down 16.9 cents from Friday’s close. February dropped 15.3 cents to $2.433. Spot gas prices also…

December 7, 2020
January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

Natural gas futures climbed Monday as more intense winter weather loomed and forecasters predicted colder temperatures over the first half of December, increasing the likelihood of greater heating demand. The January Nymex contract rose 3.9 cents day/day to settle at $2.882/MMBtu after taking over as the prompt month following the Thanksgiving holiday. February advanced 3.3…

November 30, 2020
With Storage Injection and Weather Bearish, December Natural Gas Futures Slide Lower

With Storage Injection and Weather Bearish, December Natural Gas Futures Slide Lower

Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to $2.720. NGI’s Spot Gas National Avg. declined 4.5 cents to $2.125. After weather models shifted cooler earlier in the week, they reverted back…

November 19, 2020
December Natural Gas Futures Plummet on Fading Weather Demand; Spot Prices Eke Out Gain

December Natural Gas Futures Plummet on Fading Weather Demand; Spot Prices Eke Out Gain

Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to start the trading week. January fell 25.8 cents to $2.864. NGI’s Spot Gas National Avg. rose 3.0 cents to $2.630, as demand in the Northeast…

November 16, 2020
December Natural Gas Futures Tread Lightly Ahead of Storage Report; Spot Prices Climb

December Natural Gas Futures Tread Lightly Ahead of Storage Report; Spot Prices Climb

Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.…

November 12, 2020
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