Natural gas futures and forwards markets were lower across the curve for the period between April 13 and 20, with May shedding an average 6 cents as another retraction in the storage surplus and forecasts for mostly mild weather in the coming weeks pressured the market, according to NGI’s Forward Look.
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Bearish Weather Sends NatGas Forwards Down Across Most of Curve
May natural gas forwards prices fell an average 9 cents between April 7 and 12 as overall bearish weather sentiment overshadowed the tight background supply/demand picture, according to NGI’s Forward Look.
April 13, 2017
NatGas Forwards Put Up Double-digit Gains as Cash Rallies, Storage Injection Falls Short
May futures and forwards markets were up 16 cents, on average, between March 31 and April 6 as benchmark Henry Hub cash prices rose steadily through the week and the final storage report for the traditional withdrawal season showed a 2 Bcf injection, according to NGI’s Forward Look.
April 7, 2017
April NatGas Futures Go Out With A Bang; May Fights to Hold Onto Gains
A flurry of buying interest and strength in spot natural gas prices sent Nymex April futures up 10 cents between March 24 and 29 to expire at $3.175. May futures, meanwhile, are desperately trying to maintain that momentum, creeping up just 4 cents through March 30 as generally bearish sentiment continues to pressure the gas markets.
March 31, 2017
March Cold, Hefty Storage Draw Lift April Above $3 With Days Left Before Expiry
A cold weather system that bolstered demand in portions of the United States this week combined with an unusually large storage withdrawal to send April natural gas futures and forwards markets up 9 cents on average between March 17 and 23, according to NGI’s Forward Look.
March 24, 2017
Bearish Storage Draw, Mild Temps Pressure NatGas Forwards Prices Lower
Natural gas forwards markets slid an average of 11 cents at the front of the curve between March 10 and 16 as the luck of the Irish proved elusive, thanks to a smaller-than-expected storage withdrawal and weather forecasts calling for increasingly mild weather to close out March.
March 17, 2017
NatGas Forwards Clock Another Week In The Black as Storage, Weather Send April Up 15 Cents
Natural gas forwards markets tallied a second consecutive week of gains as a larger-than-expected storage withdrawal and bullish revisions to weather models kept April forwards alive and well, pushing up the prompt month an average 14.5 cents between March 3 and 9, according to NGI’s Forward Look.
March 10, 2017
NatGas Forward Curve Edges Higher as Market Eyes Long-term Tightness
Natural gas forwards prices rose across the curve from Feb. 24 to March 2 as bullish sentiment heading into the summer trumped bearish headwinds from a lamb-like early end of winter tied together with a surprise storage build.
March 3, 2017
March NatGas Forwards Shed 20-Plus Cents W-O-W As Market Writes Off Winter
Not even a larger-than-expected withdrawal from storage was enough to soften the blow of a more than 20-cent drop in March natural gas forwards prices as the main focus remains on weather, or the lack thereof.
February 24, 2017
March NatGas Forwards Shed Average of 18 Cents on Storage, Weather
A lower-than-expected natural gas storage withdrawal and forecasts for continued mild weather for much of the rest of the month sent March natural gas forward prices down an average of 18 cents between Feb. 10 and 16, according to NGI Forward Look.
February 17, 2017
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