Markets

An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually high levels…

Natural gas futures finished out the short week far quieter than only one day prior. After prices took a beating on verification that an outage at a key export terminal could drastically improve balances, the July Nymex gas futures contract settled on Friday at $6.220/MMBtu, only 1.9 cents lower day/day. Spot gas prices also continued…

After slightly cooling on an apparent price correction, European energy markets started the week with another leap upward as the European Union (EU) formalized its winter natural gas storage plan. The EU countries officially ratified a plan Monday to reach 80% of natural gas storage capacity available among the 27-country bloc by the winter heating…

In a huge reversal from last month, natural gas prices for July baseload are trending sharply lower amid weaker liquefied natural gas (LNG) demand stemming from an explosion at the Freeport export terminal. Forecasts for less extreme heat than what has been seen so far this month also were weighing on July prices, according to…

Bearish-trending fundamentals data over the weekend kept the pressure on natural gas futures in early trading Monday. The expiring July Nymex contract, scheduled to roll off the board Tuesday, was off 3.5 cents to $6.185/MMBtu at around 8:45 a.m. ET. August was down 2.8 cents to $6.253. Prices have been facing downward pressure from a…

Spot gas prices crumbled during the June 21-24 trading week despite heat becoming more widespread, for a few days at least, across the country’s midsection. NGI’s Weekly Spot Gas National Avg. plummeted $1.225 to $6.340/MMBtu. Nymex futures action, meanwhile, continued to be dominated by the Freeport liquefied natural gas (LNG) outage, with the market questioning…

Natural gas futures finished out the short week far quieter than only one day prior. After prices took a beating on verification that an outage at a key export terminal could drastically improve balances, the July Nymex gas futures contract settled on Friday at $6.220/MMBtu, only 1.9 cents lower day/day. At A Glance: Salt withdrawal…

As traders continued to assess the implications of a bearish miss in the latest government inventory data, particularly in light of missing demand from downtime at a major U.S. export terminal, natural gas futures pared some of their recent losses early Friday. Coming off a 61.9-cent walloping in the previous session, the July Nymex contract…

The latest government storage data swiped the rug out from underneath natural gas futures on Thursday, with a larger-than-expected injection highlighting the fragility of the gas market. The July Nymex futures contract settled at $6.239/MMBtu, down 61.9 cents on the day. August futures tumbled 58.9 cents to $6.283. Spot gas prices were mostly lower despite…