Prompt

Futures Falter Friday, But Finish Week North of $5

January natural gas futures made a new high for the second time in as many days on Friday, but the bulls lacked staying power as the prompt-month contract ended up closing the regular session at $5.163, down 13.5 cents from Thursday’s finish but 57.7 cents higher than the previous week’s finish.

December 14, 2009

Cold Forecasts Rally Most Cash Points for Weekend

A 7.1-cent drop by prompt-month futures a day earlier and the usual negative impact of industrial load loss over a weekend were outweighed by forecasts of continued near-freezing lows in much of North America in rallying most of the cash market to moderate gains Friday.

December 7, 2009

December Futures Bow Out Nearly Unchanged

With most market participants having finished their December natural gas futures business by last week, the prompt-month contract had a mostly uneventful ride into expiration on Tuesday. December natural gas traded between $4.361 and $4.610 on low volume before going off the board at $4.486, up 1.3 cents from Monday’s finish. The January contract closed the day at $4.766, down 2.5 cents.

November 25, 2009

Futures Quietly Creep Higher Ahead of Holiday, Expiration Week

After recording consecutive new lows on Wednesday and Thursday, the December natural gas futures contract on Friday halted the streak and pushed higher. The prompt-month contract — which terminates on Tuesday — recorded a high of $4.442 before closing Friday’s regular session at $4.424, up 8.2 cents from Thursday’s finish and 3.2 cents north of the previous week’s close.

November 23, 2009

Cash Gains Based Largely on Screen Increase

The previous day’s gain of 9.8 cents by prompt-month futures must have done most of the heavy lifting in propelling all but one cash point higher Wednesday because besides some moderate temperature declines forecast for Thursday in parts of the Northeast, Midwest and Pacific Northwest, there were few additions to heating load to be found.

November 5, 2009

East Mostly Near Flat; West Sees Some Major Dips

With some additions to heating load in the East being arrayed against a Rockies warming trend and a significant drop by prompt-month futures a day earlier, the result was little price movement up or down at eastern locations Tuesday along with fairly large declines at a majority of western points.

November 4, 2009

Futures Remain Weak Despite Prompt-Month Roll

October natural gas futures on Friday picked up where the expiring September contract left off on Thursday as the new prompt-month contract spiraled lower to close the week’s final regular session at $3.033, down 17.3 cents from Thursday’s finish.

August 31, 2009

Despite ‘Bullish’ Storage Build, Futures Punch Below $3

While Thursday’s news of a 52 Bcf addition to natural gas storage inventories for the week ending Aug. 14 was bullish compared to most expectations and historical comparisons for the week, prompt-month natural gas futures, in response to the report, dipped below $3 for the first time in seven years before closing out the day at $2.945, down 17.4 cents from Wednesday’s finish.

August 21, 2009

Analysts: Fat Caverns to Thin Producer Wallets

The lowest cash and prompt-month futures natural gas prices of the year are likely still to come as gas storage remains on track to reach record levels by the end of injection season despite a recent tapering of injections, analysts at Barclays Capital warned in a note last week.

August 3, 2009

Analysts: Weaker Prices to Come as Storage Fills

The lowest cash and prompt-month futures natural gas prices of the year are likely still to come as gas storage remains on track to reach record levels by the end of injection season despite a recent tapering of injections, analysts at Barclays Capital warned in a note Tuesday.

July 30, 2009