Natural gas futures bounced back on Thursday, bolstered by an anemic increase in inventories that pointed to a tight supply/demand balance and ignited concerns about adequate storage levels. The August Nymex contract spiked 9.2 cents day/day and settled at $3.688/MMBtu. September jumped 9.3 cents to $3.667. At A Glance: EIA reports a 16 Bcf storage…
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Natural Gas Futures Near Unchanged Early as Weather Seen as ‘Neutral’
As cooling demand expectations eased slightly in the latest weather data, natural gas futures hovered close to even early Wednesday. At around 8:45 a.m. ET, the August Nymex contract was off 0.5 cents to $3.632/MMBtu. The latest forecast from Bespoke Weather Services Wednesday showed a small decrease in gas-weighted degree day (GWDD) expectations, with the…
July 7, 2021
Heat Seen Keeping Weather Outlook Bullish as Natural Gas Futures Called Slightly Higher
Supported by sustained hotter-than-normal temperatures in the forecast, natural gas futures probed slightly higher in early trading Tuesday. The August Nymex contract was up 1.1 cents to $3.711/MMBtu at around 8:50 a.m. ET. The weather outlook as of early Tuesday was slightly hotter compared to expectations prior to the Fourth of July holiday, advertising potential…
July 6, 2021
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