Weekly natural gas cash prices remained under pressure for a fourth week as unseasonably mild February weather limited heating demand across much of the country, while a tanking in natural gas futures contributed to an overriding bearish market sentiment. NGI’s Weekly Spot National Avg. for the Feb. 5-9 period fell 15.0 cents to $1.965. While…
Transco Zone 6 non-NY
Articles from Transco Zone 6 non-NY
Natural Gas Futures Slide as Warmer Weather Trumps Possible Mid-Month Cold; Spot Gas Slips
March Nymex natural gas futures sank 7.3 cents day/day and settled just above key $2.000 support as “extremely light” heating demand in the near term – and forecasts for the return of double-digit storage withdrawals – outweighed the potential boost in demand mid-month. At A Glance: Natural gas futures test support Near-term weather pressures Cash…
February 6, 2024
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