Cash, Futures Trickle Lower; Gas Rig Count Drops for 11th Straight Week

Cooling the streak of price firmness exhibited on Monday and Tuesday, natural gas cash averages across the United States dropped for the second straight day on Friday as summer-like temperatures dominated much of the country and Thursday’s news of an early start to the storage injection season began to fully sink in.

March 26, 2012

Bears Unfazed by Market Gains

January natural gas managed a third straight day of nominal gains Thursday as traders largely discounted storage data that showed an ever increasing surplus with no end to the above-average increases in sight. At the close January had risen 1.4 cent to $3.169 and February had risen 0.8 cent to $3.206. February crude oil added 86 cents to $99.53/bbl.

December 23, 2011

Raymond James: ‘Can’t Fight Fate’ on Growth in U.S. Gas Output

For nearly two straight years U.S. natural gas output has climbed almost continuously — and 2012 could see even stronger growth, according to the energy team at Raymond James & Associates Inc.

November 15, 2011

Market Mixed; $4 Price Point Dissected

Following three straight days during which cash prices nudged higher almost across the board, natural gas traded Thursday for Friday delivery was a mixed bag of minor pluses, minuses and a fair amount of points that went unchanged. Almost all of the additions or subtractions were by less than a nickel, potentially signaling just how content the market is with the current price point.

September 16, 2011

Cash Slides a Second Day on Screen Weakness

Continuing to take cues from the sagging natural gas futures complex, cash market values far and wide slid for a second straight day on Wednesday, shrugging off forecasts for a heat-wave return for much of the East.

June 16, 2011

Futures Seen Another 10 Cents Higher After Bullish Storage Stats

February natural gas futures scored a second straight double-digit advance Thursday as traders reacted to a bullish inventory report and were forced to cover short positions.

January 21, 2011

Market Sees Second Big Rise in as Many Days

Cold weather trends managed to sustain a substantive cash rally into a second straight day for the first time in more than a week Thursday. Even a 3.4-cent retreat by December futures a day earlier failed to keep prices from rising by double digits at most points again.

November 5, 2010

Futures Strength Setting Up for a Storage-Induced Fall?

November natural gas futures on Wednesday posted gains for a second straight day on what could be a round of technical buying, despite the arrival of natural gas storage injection data Thursday morning that is expected to be larger than both year-ago and five-year average comparisons for yet another week.

October 14, 2010

Futures Hold $3.70 Support for Second Straight Day

After dipping below $3.700 for a second straight day, natural gas futures showed a bit of a backbone Tuesday afternoon as the November contract rebounded a bit to close at $3.743, up 1.6 cents from Monday’s finish.

October 6, 2010

Traders Don’t Expect Triple-Digit Build Repeat; Futures Rise

Natural gas futures pushed higher for a second straight day as the October contract tested $4 resistance on Wednesday before closing at $3.966, up 4.7 cents from Tuesday’s finish.

September 23, 2010