Weakness

Northeast, East Lead Decline; Futures Stage Subdued Rally

Cash market prices overall fell 4 cents Thursday with the greatest weakness demonstrated by northeast and eastern points. To avoid unnecessary volatility, traders typically make their deals prior to the Energy Information Administration’s (EIA) release of inventory data, and in Thursday’s trading, cash and futures markets moved in opposite directions. In the West, Colorado industry groups reported that raging wildfires in the state were not impacting oil and gas.

June 14, 2013

Cash Eases; Advisory Expected for Tropical Storm Andrea

The physical natural gas cash market fell on average by 2 cents Wednesday as traders noted continuing weather-derived weakness at Northeast points. The Midwest was mixed and Gulf points eased a couple of pennies. The spot July contract was finally able to breach the $4.00 barrier and settled 0.3 cent higher at $4.001. August finished unchanged at $4.015, and July crude oil added 43 cents to $93.74/bbl.

June 6, 2013

Soft Northeast Pricing Leads Market Lower; Futures Still Can’t Hold $4

Cash prices eased 4 cents overall Tuesday with pronounced weakness seen at Northeast points as well as the Midcontinent. Gulf points were mostly steady. At the close of uninspired futures trading, July had added 0.7 cent to $3.998 and August had managed to rise by 0.6 cent to $4.015. July crude oil slipped 14 cents to $93.31/bbl.

June 5, 2013

Rockies Strength Unable to Offset Broad Weakness; Futures Hold Gains

Physical gas prices slipped 3 cents overall on average with some strength working its way into the market, but not enough to counteract Northeast weakness.

January 11, 2013

Broad Decline Led By Northeast Points; Futures Stumble

Cash market prices fell just over a nickel on average Wednesday as weakness at Northeast points led a broad retreat. Natural gas futures were even softer. At the close January futures had fallen 9.8 cents to $3.320 and February sank 8.9 cents to $3.366. January crude oil added $1.58 to $89.51/bbl.

December 20, 2012

Near-Term Weather Outlook Softens Cash, Yet Futures Jump

The cash market on average fell around a nickel Tuesday with pervasive weakness seen in all sections of the country. The Midwest was weak, but isolated gains were noted at Northeast points. East and Rockies locations fell. At the close of futures trading, December had risen 11.3 cents to $3.832 and January had gained 10.7 cents to $3.944. January crude oil tumbled $2.53 to $86.75/bbl on hints of a break in Middle East fighting.

November 21, 2012

Midcontinent, East Offset Northeast Weakness; Futures Notch New High

Overall cash prices added about a nickel on average Wednesday as strength at eastern and other points was able to offset weakness in the Northeast and a steady Midcontinent market. Meanwhile, December futures recorded a 12-month spot contract high on the day at $3.827 before closing out the regular session at $3.760, up 2.1 cents from Tuesday’s finish. January was 2.2 cents higher at $3.879. December crude oil rose 94 cents to $86.32/bbl.

November 15, 2012

Texas Natural Gas Output Volume, Prices Down

Even though crude oil production in Texas continues to increase, drilling activity for future reserves has slowed because of weakness in natural gas prices and instability in crude oil markets, according to the latest Texas Petro Index (TPI).

November 5, 2012

Texas Gas Production Volume, Prices Down

Even though crude oil production in Texas continues to increase, drilling activity for future reserves has slowed because of weakness in natural gas prices and instability in crude oil markets, according to the latest Texas Petro Index (TPI).

October 31, 2012

Gulf, Rockies Strong; Dull Futures Trading Ends on Mixed Note

Cash prices on average for weekend and Monday delivery gas gained 3 cents in Friday’s trading. Weather-driven weakness was noted at eastern points, but that was more than offset by strength in the Gulf of Mexico and Rockies. Futures trading was uninspired, and at the end of the day November had risen 0.7 cent to $3.611 and December had eased 2.3 cents to $3.877. November crude oil lost 21 cents to $91.86/bbl.

October 15, 2012
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