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Sell-Off Continuation Pushes March Futures Below $5

Sell-Off Continuation Pushes March Futures Below $5

Harnessing Monday’s bearish momentum that sent the March natural gas futures contract plummeting 69 cents to close at $5.445, traders were at it again on Tuesday, dropping the soon-to-expire contract below $5 before a late-session rebound. Physical natural gas prices got in on the act on Tuesday for Wednesday delivery, with most averages across the country retreating by a dollar or more.

February 25, 2014

Higher-Confidence Cold In Play; March Called Up 13 Cents

March natural gas is set to open 13 cents higher Monday morning at $6.26 as traders ratchet up once again expectations of bone-chilling cold expected to hit the eastern three-quarters of the nation. Overnight oil markets were mixed.

February 24, 2014

Spot Futures Record Largest Single-Day Drop in Five-and-a-Half Years

Physical natural gas values for Tuesday delivery saw mixed results Monday as declines dominated the Gulf Coast, Midcontinent, Rockies and the West, while the Midwest, East and Northeast saw their fair share of gains and losses. The real action on the day was occurring in the futures arena, where whiplash-inducing volatility continued its recent run. The March contract plunged 69 cents to $5.445 and the April contract shed 39.2 cents to $4.620. April crude oil added 62 cents to $102.82/bbl.

February 24, 2014

Midwest Paces Broad Gains Again; Futures Spike 18% Week-to-Week

Physical natural gas for weekend and Monday delivery continued to forge higher in Friday’s trading. Points with connectivity to the Dawn Hub in western Ontario showed double-digit dollar gains and gains of 50 cents to $1 or more were common elsewhere. A couple of Marcellus points in the Northeast showed declines.

February 21, 2014
Futures Stumble Following Revised EIA Storage Data

Futures Stumble Following Revised EIA Storage Data

Physical natural gas prices for Friday delivery posted another set of strong gains in Thursday’s trading with market points having access to Canadian markets showing multi-dollar gains. A handful of points in South Texas saw minimal losses, but nearly every other location showed gains of a quarter to 50 cents or more.

February 20, 2014

FERC Technical Conference to Focus on Winter Gas, Electric Price Spikes

At the end of what has proven so far to be an unusually harsh winter, FERC will hold a technical conference to evaluate the U.S. electric grid’s performance and review interaction between the natural gas and electricity markets, Acting Chairman Cheryl LaFleur said Thursday.

February 20, 2014

More Cold On The Way; March Seen 37 Cents Higher

March natural gas is set to open 37cents higher Wednesday morning at $5.920 as weather models favor stronger Alaska ridging and more cold air pouring into the central U.S. Overnight oil markets rose.

February 19, 2014

Futures Jump to Five-Year High; Midwest Leads Physical Gains

Spot natural gas for Thursday delivery bounded higher in Wednesday’s trading as physical market traders elected to follow the path of the highly exuberant futures market. Less than a handful of cash points touched the loss column, and dollar-plus gains were seen at pipes feeding into the Chicago area. New England locations were mostly higher, and most prices in the Mid-Atlantic were up by double digits.

February 19, 2014

Midwest, Gulf Strength Unable to Offset Weak East, Northeast; Futures Rocket Higher

Spot gas for Wednesday delivery fell in Tuesday’s trading as multi-dollar losses at eastern and Northeast points trumped market strength in the Midwest and Gulf. The Midcontinent was mixed and California prices weakened.

February 18, 2014

Northeast Buying Leads Broad Advance; Futures Seen Lower

Weekend and Monday gas gained ground in Friday’s trading with New England leading the march higher by posting multi-dollar gains.

February 14, 2014