Markets

The natural gas forward market remained firmly strapped in on the roller coaster ride it’s been on the last couple of weeks as bitter cold continues across major population centers with no clear end in sight. December prices averaged 50 cents higher between Nov. 16 and 20, while the balance of winter (defined as January-March) averaged 48 cents higher, according to NGI Forward Look.

A big bullish miss from government storage data ultimately failed to impress natural gas futures markets Wednesday as the winter strip settled lower to wrap up yet another day of large swings. In the spot market, price moves on deals for delivery over the long weekend were mixed as traders appeared to have already priced in the impact of a potentially chilly holiday for the Northeast; the NGI Spot Gas National Avg. slid 39.5 cents to $4.895/MMBtu.

A big bullish miss from government storage data ultimately failed to impress natural gas futures markets Wednesday as the winter strip settled lower to wrap up yet another day of large swings. In the spot market, price moves on deals for delivery over the long weekend were mixed as traders appeared to have already priced in the impact of a potentially chilly holiday for the Northeast; the NGI Spot Gas National Avg. slid 39.5 cents to $4.895/MMBtu.

Natural gas spot markets continued to build on the recent bullish momentum during the holiday-shortened week ended Wednesday (Nov. 21), while futures markets proved difficult to predict; theNGIWeekly Spot Gas National Avg. climbed 47.5 cents to $5.040/MMBtu.

December natural gas futures were down 5.1 cents to $4.649/MMBtu shortly before 9 a.m. ET Tuesday after a big swing lower overnight, and analysts were anticipating more volatility ahead of what could be the season’s first triple-digit storage withdrawal this week.

Mexico’s economy grew 3.6% year-on-year in the third quarter on the back of broad-based growth, including in the industrial sector. The forecast for the year remains steady at 2.1%, according to the Federal Reserve Board of Dallas.

Natural gas futures sold off Tuesday, eating into gains from the previous session, although a potentially robust start to withdrawal season this week could serve up an early holiday feast for the bulls in a seemingly unpredictable price environment.

Natural gas futures sold off Tuesday, eating into gains from the previous session, although a potentially robust start to withdrawal season this week could serve up an early holiday feast for the bulls in a seemingly unpredictable price environment.

December natural gas futures were trading 26.6 cents higher at $4.538/MMBtu shortly before 9 a.m. ET Monday following cooler medium-range forecast trends over the weekend, although questions remain as to the intensity of heating demand early next month.