natural gas futures brokers

natural gas futures brokers

November 12th, 2018
Natural gas futures surged to their highest level in roughly four years on Monday, as cold weather forecasts for most parts of the United States over the next two weeks boosted expectations for heating demand.

U.S. natural gas futures jumped 8.5 cents, or around 2.3%, to $3.804 per million British thermal units by 9:05AM ET (1405GMT), having earlier reached its best level since December 2014 at $3.906.

Futures surged 13.2% last week, marking the largest weekly percentage climb since the week ended Jan. 12 of this year

Forecasts are now pointing to temperatures in mid-November that are more typical of the middle of December, with cold bursts expected in the Midwest, across Texas and the South and throughout New England.

Natural gas prices typically rise ahead of the winter as colder weather sparks indoor-heating demand.

The heating season from November through March is the peak demand period for U.S. gas consumption.

Meanwhile, market participants looked ahead to storage data for the week ending November 9, due out on Thursday.

Total natural gas in storage currently stands at 3.208 trillion cubic feet (tcf), according to the U.S. Energy Information Administration, the lowest level for this time of year in around 15 years.

The last time supplies were this low in the first week of November was in 2003.

- Investing.com.

natural gas futures news

natural gas futures news

July 26th, 2018

Natural gas futures rose to the highest levels of the session on Thursday, after data showed that supplies in storage rose much less than forecast last week.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet (bcf) in the week ended July 20, below forecasts for a gain of 36 bcf.

That compared with a build of 46 bcf in the preceding week, an increase of 17 bcf a year earlier and a five-year average rise of 46 bcf.

Total natural gas in storage currently stands at 2.273 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

That figure is 705 bcf, or around 23.6%, lower than levels at this time a year ago, and 557 bcf, or roughly 19.7%, below the five-year average for this time of year.

Front-month U.S. natural gas futures were up 1.7 cents, or around 0.6%, to $2.772 per million British thermal units (btu) by 10:33AM ET. Futures were at around $2.750 prior to the release of the supply data.

- Investing.com.

crude oil futures news

crude oil futures news

November 20th, 2017

Natural gas futures started the week off with sharp losses on Monday, as traders reacted to forecasts calling for less heating demand through the end of this month.

U.S. natural gas futures sank 6.2 cents, or around 2%, to $3.035 per million British thermal units by 9:00AM ET (1400GMT). It reached its worst level since Nov. 3 at $3.026 earlier in the session.

Prices climbed 4.4 cents, or almost 1.5%, on Friday, but still lost about 3.6% for the week.

Gas futures often reach a seasonal low in late October and early November, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks.

The heating season from November through March is the peak demand period for U.S. gas consumption.

Meanwhile, market participants looked ahead to this week’s storage data due on Wednesday, which is expected to show a draw in a range between 43 and 53 billion cubic feet (bcf) in the week ended Nov. 17.

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natural gas futures brokers

natural gas futures brokers

August 3rd, 2016

U.S. natural gas futures jumped in North America trade on Thursday, after data showed that natural gas supplies in storage in the U.S. fell unexpectedly last week, as a recent heat wave prompted households to ramp up their air conditioning.

Natural gas for delivery in September on the New York Mercantile Exchange rose 2.5 cents, or 0.88%, to trade at $2.864 per million British thermal units by 14:33GMT, or 10:33AM ET. Prices were at around $2.837prior to the release of the supply data.

A day earlier, prices surged 10.6 cents, or 3.88%, as traders placed wagers that this week’s storage data would be on the bullish side.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended July 29 declined by 6 billion cubic feet, compared to forecasts for an increase of 2 billion.

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natural gas futures brokers

natural gas futures brokers

June 14th, 2016

U.S. natural gas prices remain near 9-month highs

U.S. natural gas futures held near the prior session’s nine-month highs on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. over the next two weeks continued to provide support.

Natural gas for delivery in July on the New York Mercantile Exchange tacked on 1.0 cent, or 0.39%, to trade at $2.594 per million British thermal units by 14:35GMT, or 10:35AM ET.

A day earlier, natural gas futures rallied to $2.635, the most since September 29, as warmer weather lifted cooling demand prospects for the fuel.

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natural gas futures news

natural gas futures news

December 26th, 2014

Natural gas futures slumped below $3 per million British thermal units for the first time since 2012 on speculation that record production will overwhelm demand for the heating fuel.

Futures have plunged 27 percent in December, heading for the biggest one-month drop since July 2008, as mild weather and record production erased a surplus to year-ago levels for the first time in two years. Temperatures will be mostly above average in the eastern half of the U.S. through Dec. 30, according to Commodity Weather Group LLC.

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natural gas futures brokers

natural gas futures brokers

November 19th, 2014

Natural gas futures rose to a one-week high in New York as cold weather spurred demand for the heating-fuel.

Temperatures will be below normal across the eastern U.S. over the next five days, with low readings lingering in the central states next week, said Commodity Weather Group LLC. A government report tomorrow may show that U.S. gas inventories fell 13 billion cubic feet last week, the first drop of this season, signaling the beginning of the peak-demand period, 12 analyst estimates compiled by Bloomberg show.

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