Markets

Physical natural gas for Wednesday delivery gained ground in Tuesday’s trading, led for the most part by a firm screen and supportive eastern power prices.

May natural gas is set to open 5 cents higher Tuesday morning at $1.96 as traders largely discount a weather environment that is expected to offer more for market bears than bulls. Overnight oil markets rose.

Physical natural gas for Wednesday delivery gained ground in Tuesday’s trading, led for the most part by a firm screen and supportive eastern power prices.

May natural gas is expected to open 7 cents lower Monday morning at $1.92 as traders factor in lower weather-driven demand near term and potentially stronger usage later on. Overnight oil markets rose.

For winter 2015/2016, trading at key points in New England didn’t see the same price spikes as in years past, but the underlying infrastructure constraints that have hampered the region on peak days could still lead to volatility in natural gas prices moving forward.

May natural gas is expected to open 7 cents lower Monday morning at $1.92 as traders factor in lower weather-driven demand near term and potentially stronger usage later on. Overnight oil markets rose.

With supple storage, near-term relief is off the table, but U.S. natural gas prices should begin to recover as production continues to decline, gas-fired generation continues to increase and a forecasted hotter-than-usual summer gets underway, analysts said Monday.

For winter 2015/2016, trading at key points in New England didn’t see the same price spikes as in years past, but the underlying infrastructure constraints that have hampered the region on peak days could still lead to volatility in natural gas prices moving forward.

Physical natural gas for Tuesday delivery took a look at a weak screen Monday and couldn’t find any other redeeming market features. A few points followed by NGI made it into the plus column, but double-digit losses in the Northeast and Midwest overwhelmed somewhat steadier Rockies and California quotes.