A step down in production drove natural gas futures prices higher for a second day, with gains accelerating after the latest weather models turned even hotter for next week. The September Nymex gas futures contract settled Tuesday at $4.027, up 9.2 cents on the day. October climbed 9.4 cents to $4.032. At A Glance: TGP…
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September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat
Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…
August Natural Gas Futures Rally Loses Steam Ahead of Expiry; Spot Prices Sputter
Natural gas futures on Tuesday finished lower for the first time in eight sessions, as traders took profits and customary volatility near the prompt month’s expiration emerged. Markets also weighed forecasts for modestly milder weather next week, though overall strong demand and tighter storage inventories that have fueled supply concerns could support a rebound in…
As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb
Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…
August Natural Gas Futures Rally Again, Lifted by Forecasts for More Heat, Storage Concerns
Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. At A Glance: Demand forecasts hold strong…
Natural Gas Futures Rally for Second Day, Bolstered by Demand Outlook; Spot Prices Spike
Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…
August Natural Gas Futures, Cash Prices Retreat Along With Weather, LNG Data
Natural gas futures on Tuesday slid lower, following forecasts for a pullback in weather-driven demand and lower liquefied natural gas (LNG) levels in the wake of maintenance work. At A Glance: Forecasts call for lighter demand Maintenance work slows LNG exports Wildfires create another wrinkle in West Natural gas futures bounced back on Thursday, bolstered…
Despite Cooler Forecast Shift, August Natural Gas Futures, Cash Prices Jump as Heat Reigns Out West
Traders looked past a tilt toward cooler weather in new forecasts and focused instead on near-term heat and expectations for both strong domestic demand and U.S. exports over the balance of summer, sending natural gas futures higher on Monday. At A Glance: Traders zero in on near-term heat LNG demand to surge further Outlooks call…
Natural Gas Futures Fall Short of Tenth Consecutive Gain; Cash Prices Climb
Natural gas futures on Tuesday dipped lower, as traders took profits and mulled the possibility of eased near-term weather-driven demand following a punishing heat wave that permeated much of the country in late June and early this month. The August Nymex contract shed 6.3 cents day/day and settled at $3.637/MMBtu. The prompt month had advanced…
July Natural Gas Futures Lose Luster Against Technical Resistance; Cash Prices Fall
After a five-day rally fueled by blistering heat and surging cash prices, natural gas futures faded on Tuesday as export volumes retreated, technical resistance loomed and traders took profits. The July Nymex contract dipped 11.2 cents day/day and settled at $3.240/MMBtu. August slid 11.1 cents to $3.256. NGI’s Spot Gas National Avg. shed 13.5 cents…