December natural gas is expected to open 12 cents lower Tuesday morning at $2.70 as weather models show mild temperatures continuing for another two weeks. Overnight oil markets were narrowly mixed.
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EIA Boosts 2017 Henry Hub Spot Price Forecast to $3.12/MMBtu
Henry Hub natural gas spot prices will average $3.12/MMBtu in 2017, up from an estimated $2.50/MMBtu in 2016 and higher than previously forecast, according to the Energy Information Administration (EIA).
NatGas Cash Holds Its Own, But Futures Swoon; December Drops 18 Cents
Natural gas cash traders on Election Tuesday enjoyed a relative sea of tranquility for next-day deliveries compared to the chaos in the futures arena.
Cooler Temps Arriving; December Called 6 Cents Higher
December natural gas is set to open 6 cents higher Monday morning at $2.83 as weather models for the near term dial up a more seasonal outlook. Overnight oil markets were mixed.
NatGas Cash, Futures Post Solid Weather-Driven Gains; December Adds a Nickel
In physical trading Monday for Tuesday deliveries the natural gas market managed to shake off a large chunk of Friday’s 19-cent loss with double-digit gains posted at nearly all market points. TheNGI National Spot Gas Average rose 16 cents to $2.13, and forecasters were calling for cooler temperatures with readings coming in closer to seasonal norms.
December to Open Lower as Weather Models Vacillate
December natural gas is set to open 2 cents lower Friday morning at $2.75 as weather models find consistent solutions elusive and forecasters call for ongoing relative warmth. Overnight oil markets fell.
Cannonball! December NatGas Forwards Make Big Splash, Plunge 34 Cents First Week at Front of Curve
The steep losses that were seen as November rolled off the natural gas forwards curve paled in comparison to the cannonball splash December made during its first week at the front of the curve, when prices plummeted an average 34.4 cents between Oct. 28 and Nov. 3, and several markets lost upwards of 50 cents, according to NGI’s Forward Look.
No Sign of Wintry Blasts; December NatGas Forwards Plunge 34 Cents First Week at Front of Curve
The steep losses that were seen as November rolled off the natural gas forwards curve paled in comparison to the cannonball splash December made during its first week at the front of the curve, when prices plummeted an average 34.4 cents between Oct. 28 and Nov. 3, and several markets lost upwards of 50 cents, according to NGI’s Forward Look.
NatGas Cash Tumbles, But Futures Steady; December Holds $2.77
Buyers for weekend natural gas were nowhere to be found Friday, and prices plunged. Only two points followed by NGI escaped the scythe of selling, and no points made it into positive territory.
Weekly NatGas Cash, Futures Race Each Other Lower
For the week ended Nov. 4 both weekly natural gas cash prices and futures fell hard and fell often. The decline of 25.6 cents in futures for the week ended Oct. 28, as it turns out, augured not only declines in cash prices, but futures as well.