Temperatures are mild, and storage inventories continue to swell, but a surprise increase in the U.S. Energy Information Administration’s 2016 price forecast was enough to boost natural gas forward markets between May 6 and 12, according to NGI’s Forward Look.
Week
Articles from Week
Too Far, Too Fast? June Called 3 Cents Higher
June natural gas is expected to open 3 cents higher Wednesday morning at $2.11 as traders discount the idea of an overextended market. Overnight oil markets gained.
May 4, 2016
Too Far, Too Fast? June Called 3 Cents Higher
June natural gas is expected to open 3 cents higher Wednesday morning at $2.11 as traders discount the idea of an overextended market. Overnight oil markets gained.
May 4, 2016
NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News
The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.
May 2, 2016
NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News
The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.
May 2, 2016
Technicals Still Intact, Yet May Called Down 2 Cents
May natural gas is set to open 2 cents lower Friday morning at $2.04 as traders see an intact technical picture, yet a growing contango. Overnight oil markets rose.
April 22, 2016
Technicals Still Intact, Yet May Called Down 2 Cents
May natural gas is set to open 2 cents lower Friday morning at $2.04 as traders see an intact technical picture, yet a growing contango. Overnight oil markets rose.
April 22, 2016
Futures Flirting With $2; May Called A Penny Higher
May natural gas is set to open a penny higher Wednesday morning at $1.99 as overnight trading pushed toward a technical breakout and forecasters called for cooling, albeit moderate, next week. Overnight oil markets improved.
March 30, 2016
Traders Mull Coming Warmth; April Called 2 Cents Lower
April natural gas is expected to open 2 cents lower Friday morning at $1.92 as traders factor in a warming trend expected for early next week. Overnight oil markets rose.
March 18, 2016
Cooler Temperatures Seen Next Week; April Called A Nickel Higher
April natural gas is expected to open 5 cents higher Friday morning at $1.84 as analysts see oversold market conditions continuing to unwind along with expected cooler conditions next week. Overnight oil markets rose.
March 11, 2016
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