Week

November natural gas is set to open 2 cents lower Thursday morning at $3.19 as traders expect storage data to show a greater increase than popular surveys. Overnight oil markets were narrowly mixed.

November natural gas is expected to open a penny lower Monday morning at $3.18 as traders factor in less than normal heating and cooling loads, and technicians see natural gas as having completed a five-wave advance. Overnight oil markets were mixed.

While weak natural gas cash prices this week sent production to the lowest level of the year, the rapid drop in supply sent November forward prices up an average 13.3 cents for the period between Sept. 30 and Oct. 6, NGI’s Forward Look data shows.

While weak natural gas cash prices this week sent production to the lowest level of the year, the rapid drop in supply sent November forward prices up an average 13.3 cents for the period between Sept. 30 and Oct. 6, NGI’s Forward Look data shows.

November natural gas is set to open a penny lower Thursday morning at $2.99 even though traders expect a government report to show a hefty reduction in the ongoing storage surplus. Overnight oil markets were mixed.

The expiring October natural gas futures contract is set to open 7 cents lower Wednesday morning at $2.93 as near-term weather changes with a stalled system over key energy markets. Overnight oil markets rose.

Six U.S. land rigs returned to action for the week ending Sept. 23, according to Baker Hughes Inc. The week saw only modest changes across plays and states, with no standouts.

October natural gas is set to open 4 cents lower Monday morning at $2.91 as traders discount ongoing expectations of warm weather and look for a spot to initiate short producer hedges. Overnight oil markets were mixed.

The U.S. land rig count retreated by three units during the week ending Sept. 16, according to Baker Hughes Inc. (BHI). With the loss of one inland waters rig and the return of two offshore, the United States ended the week down two units at 506. Meanwhile, many of today’s shale wells are getting long in the tooth, Societe Generale said.