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February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

February Natural Gas Futures Fail to Finish Strong in Volatile Trading Day

In an erratic day of trading that saw natural gas futures swing between gains and losses several times, the prompt month eventually finished in the red despite the potential for a surge in freezing temperatures and robust heating demand in late January. Lower production, rising U.S. liquefied natural gas (LNG) volumes and expectations for a…

January 13, 2021
Despite Demand Uncertainty, February Natural Gas Futures Keep 2021 Win Streak Alive

Despite Demand Uncertainty, February Natural Gas Futures Keep 2021 Win Streak Alive

Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for U.S. liquefied natural gas (LNG) exports against weakened weather outlooks. But futures held firmly into the green in the afternoon as analysts rolled out forecasts for a substantial withdrawal with Thursday’s government storage report. The…

January 6, 2021
February Natural Gas Dips on Continued Bearish Weather Outlook, Slip in LNG Demand

February Natural Gas Dips on Continued Bearish Weather Outlook, Slip in LNG Demand

A decline in liquefied natural gas (LNG) demand aided a small pullback in natural gas futures on Wednesday. With weather models stabilizing around a warm outlook for the first half of January, the new prompt February Nymex contract settled at $2.422/MMBtu, down 2.2 cents from Tuesday’s close. March slipped 1.7 cents to $2.422. Spot gas…

December 30, 2020
January Natural Gas Bounces Sharply Upon Expiration; Cool Blast Boosts Cash

January Natural Gas Bounces Sharply Upon Expiration; Cool Blast Boosts Cash

On a day of heightened volatility, the January Nymex natural gas futures contract rebounded sharply ahead of expiration as robust liquefied natural gas (LNG) demand took center stage. Though a full recovery from Monday’s steep sell-off proved difficult, the January contract expired a whopping 16.2 cents higher at $2.467. The February contract, which takes over…

December 29, 2020
Natural Gas Forward Price Action Mostly Peaceful as Traders Dash Away for Christmas Break

Natural Gas Forward Price Action Mostly Peaceful as Traders Dash Away for Christmas Break

After large swings the past three weeks, natural gas forward prices took a breather as moderate weather settled over the United States in between bouts of colder temperatures. January prices fell only 4.0 cents on average from Dec. 17-23, as did the balance of winter (January-March), according to NGI’s Forward Look. The rest of the…

December 24, 2020
Natural Gas Futures Weighed Down by Weather, Production, LNG and Storage Concerns

Natural Gas Futures Weighed Down by Weather, Production, LNG and Storage Concerns

Natural gas futures plummeted Wednesday as weather models continued to seesaw, production increased, export cargoes were reportedly cancelled, and the latest government inventory print fell shy of market expectations. The January Nymex contract settled at $2.608/MMBtu, down 17.2 cents day/day. February fell 16.1 cents to $2.588. NGI’s Spot Gas National Avg., meanwhile, dropped 18.0 cents…

December 23, 2020
Another Week, Another Leg Lower for Natural Gas Forwards as Warmth Rules Forecasts

Another Week, Another Leg Lower for Natural Gas Forwards as Warmth Rules Forecasts

Weather dominated natural gas forward price action for a third consecutive week, sending prices through the winter lower despite record export demand and cuts to production, according to NGI’s Forward Look. However, losses were less severe than the prior two weeks, and prices stabilized a bit for the summer 2021 strip (April-October) and beyond, with…

December 11, 2020
Natural Gas Futures Recover Ahead of EIA Report, but ‘Lift-Off’ Needed; Cash Firms

Natural Gas Futures Recover Ahead of EIA Report, but ‘Lift-Off’ Needed; Cash Firms

Natural gas futures bounced back midweek as the warmer forecast expected this month may be less intense than advertised. A tight supply/demand backdrop added support, lifting the January Nymex contract up 4.3 cents Wednesday to $2.442. February climbed 3.4 cents to $2.456. Spot gas prices strengthened, but gains were fairly small across most of the…

December 9, 2020
Weather Data Seals Fate of Sliding Nymex Natural Gas Futures; Cash Mixed as Some Cold Lingers

Weather Data Seals Fate of Sliding Nymex Natural Gas Futures; Cash Mixed as Some Cold Lingers

Natural gas futures slipped a little, and then a lot, midweek as the generally warm outlook through the middle of December remained intact. The January Nymex contract settled Wednesday at $2.780, down 10.0 cents from Tuesday’s close. February fell 9.0 cents to $2.778. Spot gas prices were mixed Wednesday, with some cold lingering in parts…

December 2, 2020
January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

Natural gas futures climbed Monday as more intense winter weather loomed and forecasters predicted colder temperatures over the first half of December, increasing the likelihood of greater heating demand. The January Nymex contract rose 3.9 cents day/day to settle at $2.882/MMBtu after taking over as the prompt month following the Thanksgiving holiday. February advanced 3.3…

November 30, 2020
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