After failing to break through resistance at $5.200 for a fourth consecutive trading session, the July natural gas futures contract dropped 16.5 cents on Friday to close just below $5 at $4.997 as traders took some profits off the table ahead of the weekend. However, the front-month contract increased by 21.6 cents over the previous week’s finish.
Session
Articles from Session
Futures Return to $4 on Weak Fundamentals, Surrounding Markets
Natural gas futures on Friday declined for the fourth consecutive session as the June contract shaved another 7.1 cents to $4.035. For the week the prompt-month contract dropped 27.7 cents, or 6% of its value.
Traders Seeing Market Shift in Spreads; June Down 2.7 Cents
June natural gas futures eased slightly in an apparently lackluster trading session, but those watching the more deferred contracts swoon sensed a significant change in the market that may lead to lower prices.
May Gains a Few Pennies Ahead of Fresh Storage News
Traders pushed natural gas futures higher for a second consecutive session as the May contract added 3.9 cents to close at $4.199. Despite the rise, some market watchers are not ready to say that the seasonal advance has begun just yet.
May Gains a Few Pennies Ahead of Fresh Storage News
Traders pushed natural gas futures higher for a second consecutive session as the May contract added 3.9 cents to close at $4.199. Despite the rise, some market watchers are not ready to say that the seasonal advance has begun just yet.
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.
April Inches Higher But Bears Still in Control
Natural gas futures bears took the day off as the April contract traded in a slim dime range before closing out the regular session at $4.708, up 2.9 cents from Monday’s finish. However, with the winter finishing up its long run, traders don’t see too many technical or fundamental factors standing in the way of further declines.
April Inches Higher But Bears Still in Control
Natural gas futures bears took the day off as the April contract traded in a slim dime range before closing out the regular session at $4.708, up 2.9 cents from Monday’s finish. However, with the winter finishing up its long run, traders don’t see too many technical or fundamental factors standing in the way of further declines.
Oregon Bill Targets LNG Developers
In a reprise of legislation that died in committee last year, a proposal surfaced at the opening of the Oregon Legislature’s new session that would require a needs assessment for any liquefied natural gas (LNG) terminal or connecting pipeline tied to imports of new natural gas supplies into the state.