Page 6 - Eric Fell News Today

July Natural Gas Futures, Cash Prices Post Solid Gains A hotter shift in forecasts over the holiday weekend, including toasty June temperatures in key demand regions in the Midwest and East, helped propel natural gas futures sharply higher in early trading Tuesday. The July Nymex contract was up 7.2 cents to $3.058/MMBtu at around 8:50 a.m. ET. At A Glance: Forecasts call for stronger domestic demand Cash prices spike at western hubs Natural gas futures recovered on Friday along with stronger e...

The problem that led to the massive failure of the Texas power system and an estimated...

‘Apparent Looseness’ in Natural Gas Market Sinks Futures, Cash Prices Widespread heat not yet showing up in weather models Latest EIA stat sets stage for near triple-digit builds in weeks ahead Cash slides as tropical activity being monitored in GOM A rise in production and the sting of bearish storage data sent natural gas futures prices another leg lower on Friday. The June Nymex gas futures contract closed the week at $2.906, off 1.9 cents day/day. July slipped 1.4 cents to $2.977. Spot ...

Natural Gas Futures, Cash Prices Slide as Summer Heat Remains Elusive A rise in production and the sting of bearish storage data sent natural gas futures prices another leg lower on Friday. The June Nymex gas futures contract closed the week at $2.906, off 1.9 cents day/day. July slipped 1.4 cents to $2.977. Spot gas prices also softened across most of the United States, with early tropical activity dampening demand along the Gulf Coast. Though East Coast markets firmed a bit ahead of a coming ...

June Natural Gas Futures Resiliency Fades; Cash Prices Continue Descent A three-day rally for natural gas futures petered out on Friday, as traders took profits after export volumes dipped lower, weather-driven demand eased and cash prices slid for a fourth straight day. The June Nymex contract lost 1.2 cents day/day and settled at $2.961/MMBtu. July fell seven-tenths of a cent to $3.018. NGI’s Spot Gas National Avg. shed 6.5 cents to $2.605. Both the domestic and European weather models Frid...

Small Rebound for June Natural Gas Prices, but Cash Struggles June Nymex recovers early, holds gains as storage deficit seen widening Year/year comparisons extremely favorable for coming months Pipeline maintenance kicks into high gear It took one day, but it appeared to have finally dawned on natural gas futures traders that the latest storage data was bullish after all. Though gains were small on Friday, the June Nymex gas futures contract recovered 2.0 cents day/day to settle at $2.931. The ...

June Natural Gas Prices Recover as Bullish Momentum Lingers It took one day, but it appeared to have finally dawned on natural gas futures traders that the latest storage data was bullish after all. Though gains were small on Friday, the June Nymex gas futures contract recovered 2.0 cents day/day to settle at $2.931. The July contract ticked up 1.7 cents to hit $2.978. Spot gas prices, however, continued to retreat amid the mostly mild weather pattern expected across the country for the next fe...

Lifted by Exports, May Natural Gas Futures Finish Strong LNG feed gas volumes hovered close to 2021 highs Pipeline exports to Mexico also held strong Forecasters are calling for below-average temperatures Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand, fueled the rally.  The May Nymex contract settled at $2.680/MMBtu Frid...

Euro Model Seen Colder Overnight as May Natural Gas Futures Advance Colder overnight trends for late April from one of the major weather models saw natural gas futures climb several cents in early trading Friday. The May Nymex contract was up 3.1 cents to $2.689/MMBtu at around 8:50 a.m. ET. The European weather model added 12 heating degree days (HDD) overnight, with colder trends impacting the northern United States early next week through April 26, according to NatGasWeather. For the last te...

With Spring Chill and Export Momentum, May Natural Gas Futures Close Week on High Note Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand, fueled the rally.   The May Nymex contract settled at $2.680/MMBtu Friday, up 2.2 cents day/day. June advanced 2.4 cents to $2.754. NGI’s Spot Gas National Avg. slipped 2.0 cents to $2....