The Energy Information Administration (EIA) reported a mammoth storage withdrawal Thursday that surprised to the bullish side of expectations, but prompt-month futures lost ground after rallying earlier in the week.
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NatGas Market Eyeing EIA Storage in Wake of Arctic Blast; February Called Higher
February natural gas was set to open about a penny higher Thursday at around $3.023 as the market turned its attention to the 10:30 a.m. EDT release of the Energy Information Administration’s (EIA) weekly storage inventory report.
Is Cold Convincing NatGas Bulls? February Adds a Dime Overnight
February natural gas was set to open about 11 cents higher at around $2.846 Thursday, as weather data suggested the current cold blast — expected to extend well into the first week of the new year — could stick around a bit longer.
EIA Storage Stats a Bullish Miss; January NatGas Choppy Following Report
The Energy Information Administration (EIA) on Thursday reported a larger-than-average storage withdrawal that exceeded consensus estimates, and prices got a bounce after some overnight selling.
Outlook on Late December Temps Shifts; January NatGas Called Lower
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.
EIA Reports Slightly Bullish Withdrawal, but Bears Undeterred
The Energy Information Administration (EIA) reported a net withdrawal from natural gas storage Thursday that was slightly bullish to market expectations but not enough to break the bear’s grip on the market.
January NatGas Pulls Back on Warmer Shifts in Overnight Weather Data
January natural gas was set to open about 8 cents lower at around $3.10 Thursday on some warmer overnight runs in the weather models.
Slightly Bearish EIA Storage Report Barely Moves NatGas Futures as Market Focuses on Weather
The Energy Information Administration (EIA) reported a net withdrawal from natural gas stocks Thursday that fell on the bearish side of market expectations, but the report failed to move the needle in the January contract as forecast December cold remained the focus.
Growing Confidence in Forecast Cold Excites NatGas Bulls; January Called Higher
January natural gas was set to open about 6 cents higher at around $3.19 Wednesday, with the market continuing to gain momentum on growing confidence in a cold weather pattern set to move in after the first week of December.
December NatGas Called Lower on Overnight Warming; Market Eyeing Early EIA Report
December natural gas was set to open about 2 cents lower Wednesday at around $2.996 as more warming showed up overnight in the medium-range forecast.