June natural gas forward prices fell an average 8 cents from April 28 to May 2 as bearish near-term weather and producer selling pressured the markets, according to NGI Forward Look.
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NatGas Cash Steady, Futures Rise As Traders Mull Higher Summer Power Burns
The watchword for Wednesday’s trading was steady for both physical and financial natural gas markets. In the physical market modest gains in the Northeast, Appalachia, the Rockies and California were able to counter softness in Louisiana, the Midwest and Midcontinent.
May 3, 2017
Traders Biding Their Time; June Called Flat
June natural gas is expected to open unchanged Tuesday morning at $3.21 as traders attempt to navigate a directionless market while weather forecasts call for cooler conditions and heating loads to be above seasonal norms. Overnight oil markets rose.
May 2, 2017
Northeast NatGas Gains Balance Broader Weakness; Futures Drift Lower
Physical natural gas for Wednesday delivery managed to stay unchanged on average in Tuesday trading as gains in the Northeast and Appalachia managed to offset losses in the Midwest, Midcontinent, Rockies and California. The NGI National Spot Gas Average came in down a cent at $2.93.
May 2, 2017
Broad Cooling Trend In Play; June Called 3 Cents Higher
June natural gas is set to open 3 cents higher Monday morning at $3.31 as traders digest significantly cooler temperatures predicted for Northeast and Midwest energy markets. Overnight oil markets receded.
May 1, 2017
May NatGas Bidweek Quotes Hanging On to April Gains
May natural gas bidweek quotes weren’t quite able to replicate April bidweek’s 49-cent surge, but May quotes did manage to hold on to most of those gains. The NGI National Bidweek Average eased 3 cents to $2.89, but that still placed it more than $1 higher than the May 2016 National Bidweek average of $1.82.
May 1, 2017
June in the Black Thanks to Mid-Week NatGas Forwards Bounce
The front of the natural gas forward curves pulled off a surprise gain of nearly 3 cents on average between April 21 and 27 despite a multitude of headwinds facing the market, according to NGI’s Forward Look.
May 1, 2017
NatGas Cash Rises On Cooler Temps; Futures Traders Await Buying Opportunity As June Sheds 6 Cents
Next-day gas prices rose in Monday trading as strong pricing in the Midwest, Midcontinent, Appalachia, and Northeast outdistanced softer pricing in Texas, Louisiana, the Rockies, and California. The NGI National Spot Gas Average gained 3 cents to $2.94.
May 1, 2017
Traders Eyeing Sell Side of Market; June Called A Penny Higher
June natural gas is expected to open a penny higher Friday morning at $3.25 as traders await higher prices to initiate short positions. Overnight oil markets rose.
April 28, 2017
Mid-Week NatGas Forwards Bounce Puts June in the Black Despite Near-term Headwinds
The front of the natural gas forward curves pulled off a surprise gain of nearly 3 cents on average between April 21 and 27 despite a multitude of headwinds facing the market, according to NGI’s Forward Look.
April 28, 2017
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