Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…
September
Articles from September
Heat Propels Natural Gas Futures and Spot Gas Prices, but Cooler Temperatures in the Forecast
Natural gas futures were higher at the top of the week as searing heat blanketed much of the Lower 48, challenging record power loads and stressing grids. The September Nymex gas futures contract settled Monday at $2.632/MMBtu, up 8.1 cents from Friday’s settlement. October futures climbed 5.2 cents to $2.743. At A Glance: Long-range models…
Natural Gas Futures Prices Still Sluggish, but Eke Out Modest Gain
Trading action along the Nymex natural gas futures curve was like watching paint dry on Monday, with the prompt month swinging in a tight range given no major changes to fundamentals. The September Nymex gas futures contract settled at $2.795/MMBtu, up 2.5 cents from Friday’s close. October futures tacked on 1.6 cents to $2.898. At…
Natural Gas Futures Flop Again as Traders Look Ahead to Next EIA Storage Report
Natural gas futures have fluctuated on either side of $2.700 for months now, but another decline on Wednesday moved the goalposts a bit further out of reach. The September Nymex contract fell 8.3 cents to settle at $2.477/MMBtu. Spot gas prices were mostly lower, but big gains out West ultimately sent NGI’s Spot Gas National…
Mixed Signals Keeping Natural Gas Futures Steady Early
With the latest forecasts mixed and with analysts monitoring a number of “moving pieces” in the fundamentals outlook, natural gas futures prices were steady early Wednesday. The September Nymex futures contract was trading 0.1 cents lower at $2.217/MMBtu shortly after 8:30 a.m. ET.
‘Last Hurrah’ for Summer Heat Forecast as September Natural Gas Called Lower
September natural gas opened Tuesday about 0.9 cents lower at around $2.867/MMBtu as forecasts overnight continued to show what could be the last real heat of summer waning by the end of next week. The October contract was set to open 1.2 cents lower at around $2.857.
September Called Higher Amid Hotter Overnight Forecast Trends
September natural gas futures were set to open Tuesday about 3.6 cents higher at around $2.977/MMBtu as overnight guidance continued to advertise hotter trends, potentially complicating efforts to shrink large inventory deficits.
Overnight Guidance Eases Forecast Cooling as September Natural Gas Called Higher
September natural gas futures were set to open Friday about 2.5 cents higher at around $2.933/MMBtu, bouncing back from the prior session’s storage-driven declines as forecasters noted overnight gains in projected cooling demand.
September Natural Gas Called Lower as Guidance Holds Cooler Trends in East
September natural gas futures were set to open Wednesday about 2.0 cents lower at around $2.939 as weather guidance overnight continued to advertise cooler medium-range trends in the forecast for the East.
September NatGas Called a Penny Lower on Less Supportive Weather
September natural gas was set to open a penny lower Wednesday as forecasts shift cooler and the market struggles to build on last week’s gains. Overnight oil markets crept higher.