natural gas futures brokers

natural gas futures brokers

November 19th, 2015

Natural gas futures turned higher on Thursday, after data showed natural gas supplies rose less than expected last week.

Natural gas for delivery in December on the New York Mercantile Exchange tacked on 2.6 cents, or 1.13%, to trade at $2.374 per million British thermal units during U.S. morning hours. Prices were at around $2.335 prior to the release of the supply data.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended November 13 rose by 15 billion cubic feet, below expectations for an increase of 18 billion.

That compared with builds of 49 billion cubic feet in the prior week, 40 billion cubic feet in the same week last year, while the five-year average change for the week is an increase of 30 billion cubic feet.

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natural gas futures news

natural gas futures news

November 5th, 2015

Natural-gas futures climbed by more than 3% on Thursday, set to log their highest settlement in more than a week, after a U.S. government report revealed a weekly climb in supplies for the commodity that was less than the market expected.

Natural-gas futures bucked the overall downtrend in energy prices, gaining more ground in the wake of the weekly supply data.

December natural gas tacked on 7.1 cents, or 3.1%, to $2.333 per million British thermal units. A settlement around this level would be the highest a most-active contract since Oct. 27.

The U.S. Energy Information Administration on Thursday reported that supplies of natural gas rose 52 billion cubic feet for the week ended Oct. 30. That was less than the climb of between 55 billion cubic feet and 59 billion cubic feet forecast by analysts polled by Platts.

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natural gas futures news

natural gas futures news

August 13th, 2015

Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week.

Natural gas for delivery in September on the New York Mercantile Exchange dropped 8.5 cents, or 2.88%, to trade at $2.847 per million British thermal units during U.S. morning hours. Prices were at around $2.912 prior to the release of the supply data.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended August 7 rose by 65 billion cubic feet, above expectations for an increase of 55 billion and following a build of 32 billion cubic feet in the preceding week.

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natural gas futures brokers

natural gas futures brokers

November 6th, 2014

Natural gas futures are holding at slight losses Thursday, even after producers set a record for stockpile additions in the last week of October.

A blast of Arctic air likely to descend next week is limiting a selloff as traders expect a rush of heating demand to start absorbing record supply from the U.S. drilling boom.

Producers capped a record year for storage refill with a 91-billion-cubic-feet addition to stockpiles last week, the U.S. Energy Information Administration said Thursday morning. That is 5 bcf larger than analysts’ and traders’ expectations, and more than double the typical addition for that week of the year. It is also 17% larger than any addition for the last week of October listed in EIA records dating back through 1994.

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natural gas futures prices

natural gas futures prices

November 3rd, 2014

Natural gas futures rose to a one-month high in New York on forecasts for unusually cold weather that would stoke demand for the heating fuel and reduce stockpiles.

Forecasts turned colder over the weekend, with below-normal temperatures blanketing the eastern half of the U.S. from Nov. 8 through Nov. 17, according to MDA Weather Services in Gaithersburg, Maryland. By the end of last winter, the coldest since 1982 based on heating demand, gas inventories were a record 55 percent below average after beginning the season at a small surplus. Gas jumped to $6.493 per million British thermal units on Feb. 24, a five-year high.

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