Traders

Natural gas for Friday delivery moved little as traders, for the most part, got their deals done before the morning’s Energy Information Administration (EIA) inventory report.

Natural gas for delivery Wednesday slumped as a weak power environment offered little incentive to make incremental purchases and the about-to-expire May futures contract eased as traders anticipated a closer convergence to the physical Henry Hub quote as well as the expected release of storage data showing an increasing storage surplus.

Natural gas for delivery Wednesday slumped as a weak power environment offered little incentive to make incremental purchases and the about-to-expire May futures contract eased as traders anticipated a closer convergence to the physical Henry Hub quote as well as the expected release of storage data showing an increasing storage surplus.

Physical natural gas for Friday delivery slipped lower as traders hunkered down and got their deals done ahead of the Energy Information Administration (EIA) inventory report.

Physical natural gas for Friday delivery slipped lower as traders hunkered down and got their deals done ahead of the Energy Information Administration (EIA) inventory report.

Very little black ink was going around natural gas trading desks Thursday, as both next day gas and futures took it on the chin, with soft power pricing and weather forecasts in major eastern markets expecting temperatures to surge well above normal on Friday.

In physical trading Thursday for Friday delivery, natural gas market points in the crosshairs of a broad storm system expected to rake the Rockies and move eastward proved resilient as other points weakened.

Next-day gas traded modestly higher Tuesday as brief cold weather patterns were expected to traverse the country without generating any meaningful and long-lasting cold.

Physical gas for Friday delivery proved far stronger than floundering futures in Thursday’s trading.