Temperature

Prices Make Small Rebounds at Nearly All Points

Weather forecasts, while cooling a bit further in the Midwest and beating a temperature retreat in the Northeast, certainly were still too moderate in most cases to explain small price increases at most locations Wednesday. It could only be concluded that the previous day’s relatively paltry 3.1-cent gain by May futures and storage buyers grabbing at what looked like bargain gas — for now — was behind the mild rally.

April 22, 2010

Most of Market Flat to Moderately Higher

Despite predicted temperature moves that were more often slightly higher than conducive to boosting heating load, prices recorded single-digit gains at a large majority of points Tuesday.

March 10, 2010

Most of Market Flat to Moderately Higher

Despite predicted temperature moves that were more often slightly higher than conducive to boosting heating load, prices recorded single-digit gains at a large majority of points Tuesday.

March 10, 2010

Prolonged Cold Pushes NatGas Futures Bulls to New Highs

January natural gas futures pushed to a new high on Monday at $5.409 as temperature forecasts were calling for the chill to stick around longer than expected for much of the United States. The prompt-month contract ended up closing out the day at $5.332, up 16.9 cents from Friday’s finish.

December 15, 2009

Plump Storage Levels Expected to Keep Summer Prices Low

Natural gas prices will likely remain between $3.75 and $4.75/MMBtu this summer due to healthy storage levels and normal temperature forecasts, according to Stephen Smith of Stephen Smith Energy Associates.

May 25, 2009

Plump Storage Levels to Keep Summer Prices Low, Analyst Says

Natural gas prices will likely remain between $3.75 and $4.75/MMBtu this summer due to healthy storage levels and normal temperature forecasts, according to Stephen Smith of Stephen Smith Energy Associates.

May 20, 2009

Futures Sink to New Lows as Traders Eye Warm-Up

February natural gas futures continued to chase lower values Monday as near-term temperature forecasts call for a warm-up to hit the East by the end of the month. After putting in a low for the down move of $4.387 just prior to the regular session’s open, the prompt-month contract reached a high of $4.610 on the day before closing at $4.490, down 2.8 cents from Friday’s finish.

January 27, 2009

Futures Tread Water as Current Cold Weighed Against Forecasted Warm-Up

A weekend hangover was apparent Monday as brutally cold temperature forecasts for the East did little to spark near-month natural gas futures higher. The February contract closed out Monday’s regular session at $5.542, up only 2.6 cents from Friday’s finish.

January 13, 2009

WSI Forecasts Weather Roller-Coaster Through April

Colder-than-normal temperatures will dominate much of the northern United States and warmer-than-normal temperatures will be seen elsewhere through April, WSI Corp. forecasters said last Tuesday.

January 28, 2008

Seven Atlantic Hurricanes This Year, WSI Says

A continuation of warmer-than-normal Atlantic Ocean temperature anomalies into the summer and fall and the likelihood of a favorable or neutral wind shear environment on the heels of the current La Nina event will bring an active 2008 Atlantic hurricane season, WSI Corp. forecasters said Wednesday.

January 7, 2008