Natural Gas Futures Post Fourth Consecutive Loss on Technically Driven Sell-Off; Cash Still Weak
Natural gas futures could not hold onto early gains Thursday after the latest government storage data failed to generate any buzz in the market.
Stay updated with breaking news from Transco Zone. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Natural gas futures could not hold onto early gains Thursday after the latest government storage data failed to generate any buzz in the market.
Cash natural gas prices at hubs in every US region were down sharply in Dec. 1 trading as mild weather pushed residential-commercial heating demand to multiyear lows, underwhelming US gas markets. New England gas prices were among the hardest hit with Boston’s Algonquin city-gates dropping nearly $3 on the day to just $4.99/MMBtu. Further south, ...
In an unsurprising move, natural gas futures bounced back from a four-day decline to finish the week firmly in positive territory. With a boost from
Natural gas futures extended their losses for a third straight day as weather models continue to portray a pattern that is more reflective of springtime
Spot gas prices in the US Northeast could hit their highest since last winter this week as sharply colder weather entered the region Nov. 2, accompanied by a chilly forecast for the remainder of the week. In early trading, cash prices at New York metro-area hubs, Texas Eastern M3 and Transco Zone 6 NY, were ...