Wells Fargo Securities LLC has raised its natural gas price forecast for 2017, citing increased exports to Mexico and overseas, as well as improving demand, which should outpace “moderate” supply gains.
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Physical NatGas, Futures Join In 8-Cent Advance As Optimism On The Rise
Physical gas for Thursday delivery closed higher in Wednesday’s trading in a burst of exuberance aided and abetted by a strong performance from the expiring April contract. All points followed by NGI were in the black by about a nickel to a dime, and NGI’s National Spot Gas Average gained 8 cents to $2.89.
March 29, 2017
Demand Seen Firming, Yet April Called A Penny Lower
April natural gas is set to open a penny lower Tuesday morning at $3.04 as heating load is forecast to be below normal levels and traders sense a weakening technical picture. Overnight oil markets rose.
March 28, 2017
NatGas Cash Softens, But Futures Seen With Three to Four More Weeks of Upside
Physical natural gas for Wednesday delivery inched lower in Tuesday trading as energy demand in key eastern market was largely unchanged and power prices softened.
March 28, 2017
Risk Managers Skeptical, But April Called 4 Cents Higher
April natural gas is expected to open 4 cents higher Monday morning at $3.12 as traders factor in uncertain but cooler weather patterns and the market continues to exhibit technical strength. Overnight oil market eased.
March 27, 2017
NatGas Cash Ambles Higher; Futures Traders Eyeing Sell Side
Only a single market point fell into the loss column in Monday’s trading for Tuesday physical natural gas, and most points outside the Northeast added about a nickel. Temperatures were expected to be at or slightly below normal in major eastern and Midwest markets, and the NGI National Spot Gas Average rose 7 cents to $2.81.
March 27, 2017
Traders See Market as Long-Term Buy, Yet April Called 2 Cents Lower
April natural gas is set to open 2 cents lower Friday morning at $3.03 as traders view the market as slightly overbought and little in the way of supportive weather is seen on the horizon. Overnight oil markets rose.
March 24, 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
Physical NatGas Inches Lower on Easing Energy Demand; April Quietly Adds 2 Cents
Physical natural gas for weekend and Monday delivery found few takers in Friday’s trading as ample storage, along with a quiet energy market, gave traders little incentive to lock in three-day deals.
March 24, 2017
Eastern Weakness Tugs Weekly NatGas Lower, Yet Futures Gain
It was two-sided weekly natural gas trading for the week ended March 24 with eastern points along with Appalachia taking big hits offset to some degree by producing zones and Midwest market centers showing modest gains. The NGI Weekly National Spot Gas Average fell 22 cents to $2.85 led by declines in the Northeast, Southeast, and Appalachia.
March 24, 2017
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