Natural Gas Prices

Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476. NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845. The prompt month had posted a…

Natural gas futures last week looked to be gaining momentum on the potential for lower supply, but this week, the bears came back. North American natural gas futures stumbled for the fourth time in five sessions on Thursday. The June New York Mercantile Exchange gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July…

Stubbornly high production maintained its grip on natural gas forward curves during the May 18-24 period, with June prices averaging 20.0 cents lower, according to NGI’s Forward Look. With weather-driven demand at seasonal lows and storage inventories remaining at a surplus to historical norms, forward contracts dropped 16.0 cents on average for the balance of…

The U.S. Energy Information Administration (EIA) reported an injection of 96 Bcf natural gas into storage for the week ended May 19. The result marked a second-consecutive bullish print relative to market expectations, but it was on par with the five-year average and left Nymex natural gas futures languishing. After rising 7.7 cents on Wednesday,…

Baseload natural gas prices for June delivery showed signs of recovery as stronger LNG demand and early summer heat lifted some areas of the Lower 48, while an improved supply situation in the West continued to knock down prices there, according to NGI’s Bidweek Alert (BWA). The mixed bag for U.S. natural gas prices compared…

With traders seemingly not banking on a follow-up to last week’s bullish storage surprise, natural gas futures retreated ahead of the latest round of government inventory data Thursday.  The June Nymex contract was down 4.5 cents to $2.353/MMBtu at around 8:30 a.m. ET. July was off 5.0 cents to $2.516. Surveys suggest market participants expect…

Natural gas futures forged ahead Wednesday, ending a three-day retreat despite weak weather-driven demand, steady production and expectations for a triple-digit storage increase. At A Glance: Prompt month gains 7.7 cents Market sees 100 Bcf injection National demand proves light The June Nymex gas futures contract on Wednesday gained 7.7 cents day/day and closed at…

Natural gas futures on Tuesday fell for a third consecutive session as cooling demand remained elusive and production levels held strong. Following an 18.5-cent drop the prior session and a loss to end last week, the June Nymex gas futures contract settled at $2.321/MMBtu on Tuesday, down 7.9 cents day/day. July shed 6.2 cents to…

Natural gas futures pared their losses in early trading Wednesday, though an unimpressive summer forecast, coupled with technical factors, kept open the possibility of further downside ahead.  Coming off a 7.9-cent sell-off in the previous session, the June Nymex contract was up 4.6 cents to $2.367/MMBtu at around 8:45 a.m. ET. July was up 5.2…