February natural gas was set to open Thursday about 7 cents higher at around $2.982 as the market looked ahead to a potentially record-setting Energy Information Administration (EIA) storage report.
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February natural gas was set to open Tuesday about 5 cents higher at around $2.882 as forecasters were pointing to colder changes overnight in a pattern set to arrive next week.
January natural gas was set to open about 4 cents lower at around $2.595 Thursday, approaching the lows set last week even amid calls for the Energy Information Administration (EIA) to report a robust withdrawal in its 10:30 a.m. EDT storage inventory report.
January natural gas was set to open down about 5 cents Thursday to around $2.663, with the market trying to get a read on how much heating demand to look for from a frigid blast expected later this month.
December natural gas is set to open unchanged Monday morning at $2.96 as weather forecasts hint at cooling to come, but show no immediately pervasive trends beyond the current warm-dominated patterns. Overnight oil markets inched higher.
The U.S. added five rigs for the week ended Friday, with new rigs in Utah and Louisiana leading the way in onshore gains for the week ended Friday, according to the latest tally by Baker Hughes Inc. (BHI).
July natural gas is set to open a penny lower Wednesday morning at $2.96 as traders see a deflating weather environment ahead of a storage report expected to show above-average storage builds. Overnight oil markets retreated.
June natural gas is set to open a penny higher Thursday morning at $3.22 as traders put the pencil to expected government storage figures that are anticipated to show a continuing tight market relative to longer-term historical averages. Overnight oil markets eased.
May natural gas is set to open 4 cents higher Wednesday morning at $3.19 as traders discount not only mild weather patterns but also expected plump storage figures. Overnight oil markets weakened.