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Add to Bookmarks Natural gas futures are trading higher in the pre-market session as last week’s rally appears to be set to resume following a two-day setback. Lower production and expectations of a hot summer are driving the price action although some will argue that the latter reason to buy is a little ahead of schedule. Although some traders are focusing on the expected summer heat, others are watching cooler-trending weather systems moving across the central and northern United States by the middle of the week. Advertisement Start Trading Trading Derivatives carries a high level of risk...

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 July contract ticked up 1.7 cents to hit $2.978. Spot gas prices, however, continued to retreat amid...

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 few days. NGI’s Spot Gas National Avg. slipped 7.5 cents to $2.605. Thursday’s Energy Information ...

Missed opportunity: hedges to crimp U.S. shale oil producers’ 1Q profit U.S. oil and gas operators face billions of dollars in hedging losses that will weigh on first quarter earnings as this year’s oil-price recovery left dozens selling their oil at below market prices. Companies including Cimarex Energy Co XEC.N and Concho Resources that locked in prices on some of their volumes when prices rebounded last year to around $40 per barrel missed some of the price jump, and Concho owner ConocoPhillips COP.N paid millions of dollars to unwind those contracts. Benchmark U.S. crude prices CLc1 ...

Message : Required fields (Reuters) - U.S. oil and gas operators face billions of dollars in hedging losses that will weigh on first quarter earnings as this year's oil-price recovery left dozens selling their oil at below market prices. Companies including Cimarex Energy Co and Concho Resources that locked in prices on some of their volumes when prices rebounded last year to around $40 per barrel missed some of the price jump, and Concho owner ConocoPhillips paid millions of dollars to unwind those contracts. Benchmark U.S. crude prices have doubled from year-ago levels, averaging o...