NGI Archives

With prices still hovering between key technical inflection points as traders size up winter supply risks, natural gas futures reversed lower in early trading Friday.  Giving back gains from the previous session, the October Nymex contract was off 19.9 cents to $9.063/MMBtu as of around 8:45 a.m. ET. From a technical standpoint, the outlook for…

Natural gas futures rebounded in early trading Thursday as traders awaited the latest government inventory data, expected to show a lighter-than-average summer injection into Lower 48 stockpiles.  After posting an 8.5-cent loss in the previous session, the September Nymex contract was up 12.6 cents to $9.370/MMBtu as of around 8:45 a.m. ET. Estimates ahead of…

Natural gas futures pared some of their losses in early trading Wednesday as traders were left to contemplate August forecasts that advertised less intense summer heat.  After tumbling 57.7 cents in Tuesday’s session, the September Nymex contract was up 6.6 cents to $7.772/MMBtu at around 8:55 a.m. ET. The American weather modeling added cooling degree…

Natural gas futures retreated in early trading Wednesday as analysts predicted more volatility heading into the prompt month expiration. The August Nymex contract, set to roll off the board Wednesday, was down 24.3 cents to $8.750/MMBtu at around 8:45 a.m. ET. Natural gas prices went on a “wild ride” in Tuesday’s session, turning in a…

Coming off a furious rally in the previous session, natural gas futures pared their gains early Thursday as traders awaited the latest round of government inventory data for more insights into how sweltering temperatures have impacted balances.  After rocketing 74.3 cents higher in Wednesday’s session, the August Nymex contract was off 21.4 cents to $7.793/MMBtu…

Shrugging off weaker numbers in updated production estimates, natural gas futures pared their gains in early trading Tuesday as sweltering forecasts cooled somewhat.  The August Nymex futures contract was off 24.7 cents to $7.232/MMBtu at around 8:40 a.m. ET, cutting into the previous session’s 46.3-cent rally. Updated domestic production estimates from Wood Mackenzie were showing…

Continued expectations for widespread sweltering temperatures based on the latest forecasts had natural gas futures surging higher in early trading Monday, extending gains from late last week. After posting a 41.6-cent gain in Friday’s session, the August Nymex contract was up 23.4 cents to $7.250/MMBtu as of around 8:50 a.m. ET. Major weather models over…

A robust cooling demand outlook into the second half of July supported further gains for natural gas futures early Thursday as traders prepared to assess the latest government inventory data.  The August Nymex contract was up 19.0 cents to $6.879/MMBtu at around 8:50 a.m. ET, extending a 52.6-cent rally from the previous session.  Surveys ahead…

While traders and analysts continued to mull the implications of a leaner-than-expected build in the latest government inventory data, natural gas futures were trading close to even early Friday. After dipping as low as $6.079/MMBtu in after-hours trading, the August Nymex contract was off 0.1 cents to $6.296 at around 8:50 a.m. ET. The Energy…