Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. The December Nymex contract, on the first day in the prompt-month position, plunged early to a $3.151 intraday low before screaming back higher to settle at $3.301, up a penny…
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Natural Gas Futures, Cash Back Above $3.00 as LNG Demand Reaches Fresh Highs
Natural gas futures moved back above $3.00/MMBtu Monday as export demand reached fresh highs and weather models added back some previously lost demand for the 15-day period. With expiration looming later this week, the November Nymex contract climbed 5.3 cents to $3.024. December edged up 5.8 cents to $3.253. Spot gas prices surged at the…
Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances
After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents day/day. December, however, fell a sharper 7.6 cents to $3.272, and similar declines were seen through the remaining winter contracts. Spot gas prices were mostly higher, but…
Colder Weather Data Provides Late Bump for Natural Gas Futures, but LNG Recovery Murkier
Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook also left traders unsure of where to price gas, but a chillier turn in Monday’s midday models ultimately lifted the November Nymex contract up 2.2 cents to $2.795. December nudged…
Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty
Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October. With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…
Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism
Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would soon resume full operations after a barge sunk near a key export terminal. Buoyed further by the latest government storage data, the November futures contract jumped 13.9 cents to $2.775/MMBtu. December climbed 7.2 cents to $3.261.…
Natural Gas Futures Retreat on Flip-Flopping Weather Forecasts, Higher Production; Cash Mixed
Natural gas futures headed lower Tuesday as morning weather models shifted warmer. Production moved considerably higher as well, sending the November Nymex gas futures contract down 2.6 cents to $2.855. December slipped 2.4 cents to $3.247. Spot gas prices were mixed amid cooler weather in the central and eastern United States and continued heat out…
LNG Demand Recovery Spurs Double-Digit Gain for Natural Gas Futures Prices; Cash Surges Too
With Gulf Coast liquefied natural gas (LNG) facilities unscathed by Hurricane Delta, export demand’s quick rebound combined with a chillier forecast to send natural gas futures sharply higher Monday. The November Nymex gas futures contract jumped 14.0 cents to settle at $2.881. December climbed 6.7 cents to $3.271. Spot gas prices also posted stout increases…
Natural Gas Futures Edge Higher, but Delta Already Cutting LNG Demand
Still hours away from landfall, Hurricane Delta made waves in the natural gas market Thursday, cutting into liquefied natural gas (LNG) demand that’s been sorely needed to prevent storage from toppling. However, supply also was heavily curtailed ahead of the storm, and long-range weather models trended colder. That helped nudge the November Nymex gas futures…
Natural Gas Futures Prices Retreat as Hurricane Delta Threatens to Throw Balances Off Course
The fundamentals were in place for natural gas futures to continue climbing on Tuesday, but the threat of a hurricane striking the Gulf Coast (again) later this week sent prices down several notches. The November Nymex gas futures contract settled at $2.520, off 9.5 cents from Monday’s close. December fell 6.5 cents to $3.096. Spot…