An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually high levels…
weather
Articles from weather

Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report
Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

With Appetite for Destruction, Bears Maul Natural Gas Futures
Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

Specter of Hot Summer, Potential Storage Challenges Fuel Natural Gas Futures
Natural gas futures on Monday picked up where they left off the week before, climbing higher on expectations for robust cooling demand in the summer ahead and the potential for anemic storage supplies by the close of injection season. The June Nymex gas futures contract settled at $7.475/MMBtu, up 23.1 cents day/day. It had closed…

Easter Break, Warmer Temperatures Heighten Global Natural Gas Price Volatility
LONDON (ICIS) –The long Easter break heightened the market’s volatility, with European gas prices crashing at the close on 14 April, only to firm on the market’s return on 19 April, supported by lower pipeline supply due to outages.

Weekly Natural Gas Spot, Futures Prices Soar on Late-Season Demand, Mounting Supply Concerns
Massive price increases spurred by spring snow storms and pipeline maintenance lifted spot gas prices during the April 11-14 trading period, which covered gas flows through Tuesday because of the Good Friday holiday. NGI’s Weekly Spot Gas National Avg. jumped 57.0 cents to $5.855/MMBtu. Futures continued to surge as well, with a lack of sustained…

Natural Gas Futures Erase Early Gains, but ‘Bounds on Upside Somewhat Unconstrained’; Cash Higher
After cresting the $6.000/MMBtu mark a day earlier – and then surging to a $6.394 intraday peak – natural gas futures ran out of steam Wednesday. Although there were plenty of factors for bulls to hang their hats on, technical momentum was zapped late in the session. The May Nymex gas futures contract settled at…

May Natural Gas Futures Contract Debuts in Style, Posts Double-Digit Gain
Natural gas futures forged ahead Wednesday, with the May Nymex contract opening its run as the prompt month by building substantial momentum even as domestic demand was poised to fade. May futures advanced 27.5 cents day/day and settled at $5.605/MMBtu. June gained 27.7 cents to $5.658. NGI’s Spot Gas National Avg. gained 1.5 cents to…

Markets Shrug Off Bearish Inventory Print, Send April Natural Gas Futures Higher
U.S. utilities withdrew 51 Bcf natural gas from storage for the week ended March 18, the Energy Information Administration (EIA) reported Thursday. The result fell short of market expectations for a pull in the high 50s Bcf, but futures forged ahead regardless. Ahead of the EIA print, the April futures contract was down 7.3 cents…

Cash Prices, Natural Gas Futures Falter as Mild Weather Dominates Forecasts
Natural gas prices stumbled on Monday as weather forecasts continued to show mild conditions through late March, likely pushing the domestic market comfortably beyond the peak heating season. The April Nymex gas futures contract shed 6.7 cents day/day and settled at $4.658. May lost 6.4 cents to $4.702. NGI’s Spot Gas National Avg. dropped 56.0…