PM Markets

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…

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…

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…

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…

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…

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…

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…

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…

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…