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Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically
In another stunning move, natural gas futures plummeted further on Tuesday as the current cold snap hitting the Lower 48 – expected to dissipate by week’s
Physical prices Monday were up a nickel on average as West Coast traders reported power shortfalls resulting from a delayed restart of nuclear generating capacity, and warm temperatures in Texas added to loads. Government figures reported a modest decline in natural gas production and futures romped higher. At the close of trading June had increased 9.9 cents to $2.285 on stout volume, and July gained 9.5 cents to $2.394. June crude oil eased 6 cents to $104.87/bbl.
Could a change in natural gas trading behavior be amiss? Bears on Monday managed to take out a key psychological level of support amid robust supply and a
Natural gas futures continued to climb on Wednesday despite starkly bearish near-term fundamentals, including the potential for a record fall storage