NGI Data

Despite warmer trends in the weather models, natural gas bulls managed to take back a few cents in the futures market Tuesday, drawing support from tighter balances. The soon-to-expire February Nymex contract settled at $1.934, up 3.2 cents; March gained 3.0 cents to settle at $1.908.

The Energy Information Administration (EIA) Thursday reported a net 92 Bcf weekly withdrawal from U.S. natural gas stocks, slightly to the tighter side of consensus; futures prices, already rallying, pulled back on the news.

The Energy Information Administration (EIA) Thursday reported a net 92 Bcf weekly withdrawal from U.S. natural gas stocks, slightly to the tighter side of consensus; futures prices, already rallying, pulled back on the news.

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents.

Hints of volatility in the Northeast and moderation out West highlighted a relatively uneventful week of winter trading in the natural gas spot market during the Jan. 13-17 period;NGI’s Weekly Spot GasNational Avg.picked up 13.0 cents to $2.155/MMBtu.

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents.

Hints of volatility in the Northeast and moderation out West highlighted a relatively uneventful week of winter trading in the natural gas spot market during the Jan. 13-17 period;NGI’s Weekly Spot GasNational Avg.picked up 13.0 cents to $2.155/MMBtu.

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents.

The prospect of a return to something resembling winter temperatures later this month provided enough impetus Friday to lift natural gas futures ahead of another potentially pivotal weekend of weather data. The February Nymex contract picked up 3.6 cents to settle at $2.202/MMBtu; March settled at $2.168, up 2.0 cents.