PM Markets

Natural Gas Futures Spiral Lower as Warmth Seen Lingering Through Early January; Cash Mixed

Natural Gas Futures Spiral Lower as Warmth Seen Lingering Through Early January; Cash Mixed

It won’t be death by a thousand cuts for natural gas. It’ll be far less than that after an increasingly bearish December weather outlook slashed another hefty chunk off natural gas prices to start the week, leaving prompt-month prices down about $1.20 since last Monday (Nov. 29). With production recovering from recent lows and sitting…

December 6, 2021
January Natural Gas Futures Plunge in Debut Amid Mild Weather Signs, Coronavirus Concerns

January Natural Gas Futures Plunge in Debut Amid Mild Weather Signs, Coronavirus Concerns

Natural gas futures nosedived on Monday on forecasts for benign weather into December and worries about the possible effects of a new coronavirus variant on energy demand. The January Nymex contract, on its opening day as the prompt month, dropped 62.3 cents day/day and settled at $4.854/MMBtu. February fell 59.6 cents to $4.768. NGI’s Spot…

November 29, 2021
Pressure Persists on Natural Gas Prices, with December Futures Down a Third Straight Day

Pressure Persists on Natural Gas Prices, with December Futures Down a Third Straight Day

Natural gas futures fell again Monday as forecasts for more mild fall weather and light demand eclipsed robust liquefied natural gas (LNG) levels. The December Nymex contract settled at $5.186/MMBtu, down 24.0 cents day/day. January fell 22.4 cents to $5.305. Trading Monday extended a steep downward trend. Futures shed more than 75 cents over the…

November 1, 2021
Natural Gas Futures Flirt with $6 Again as Early November Seen Much Cooler; Cash Strong

Natural Gas Futures Flirt with $6 Again as Early November Seen Much Cooler; Cash Strong

Natural gas futures aimed for the sky on Monday as a much colder turn in the weekend weather models catapulted prices. Aided by a sharp increase in liquefied natural gas (LNG) demand, as well as upcoming contract expirations, the November Nymex gas futures contract jumped 61.8 cents to $5.898. December shot up 59.5 cents to…

October 25, 2021
Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. Spot gas prices also continued to slide, with NGI’s Spot Gas National Avg. slipping…

October 18, 2021
Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 11, 2021
November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 8, 2021
October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

Natural gas futures flew higher again on Monday – up more than 30 cents early — as worries about global energy supplies intensified and bulls dominated U.S. trading ahead of front-month expiration. Traders took some profits in afternoon action, but the October contract still finished in the green and up more than 70 cents over…

September 28, 2021
Natural Gas Futures Rally as Pipeline Work Reduces Production; Cash Recovers

Natural Gas Futures Rally as Pipeline Work Reduces Production; Cash Recovers

The changes in supply and demand that brought natural gas futures down a few notches to start the week provided some uplift to the market on Tuesday. A large decline in production, though likely temporary, along with a warmer turn in the latest weather models sent the July Nymex gas futures contract up 6.7 cents…

June 22, 2021
Natural Gas Futures Fall Further on Cooling Forecast, Rising Supply

Natural Gas Futures Fall Further on Cooling Forecast, Rising Supply

A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…

June 21, 2021
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