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

April 23rd, 2018

Natural gas futures started the week in negative territory on Monday, amid speculation the start of spring will bring warmer temperatures throughout the U.S. and cut into demand for the fuel.

Front-month U.S. natural gas futures slumped 1.9 cents, or around 0.7%, to $2.748 per million British thermal units (btu) by 9:00AM ET (1300GMT).

The commodity notched its second straight weekly gain, with futures rising about 0.2% last week, thanks to lingering winter-like weather conditions, which has delayed the official start of the storage injection season.

Despite recent gains, market experts warned that futures are likely to remain vulnerable in the near-term as below-normal temperatures in April mean less than they do in January and February.

Spring usually sees the weakest demand for natural gas in the U.S, as the absence of extreme temperatures curbs demand for heating and air conditioning.

Meanwhile, market participants looked ahead to this week’s storage data due on Thursday, which is expected to show another draw in a range between 3 and 17 billion cubic feet (bcf) for the week ended April 20.

That compares with a decline of 36 bcf in the preceding week, an increase of 74 bcf a year earlier and a five-year average rise of 60 bcf.

Total natural gas in storage currently stands at 1.299 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

That figure is 808 bcf, or around 38.3%, lower than levels at this time a year ago, and 449 bcf, or roughly 25.7%, below the five-year average for this time of year.

Record high domestic production levels have overshadowed the fact that stocks in storage are well below their seasonal averages for this time of year.

- 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 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

January 5th, 2015

Natural gas jumped a second day, extending a rally from a 27-month low as speculation an arctic air blast may boost demand made the fuel today’s biggest commodity gainer.

Futures for February delivery rose as much as 4.4 percent in electronic trading on the New York Mercantile Exchange. Gains were the most in the Bloomberg Commodity Index of 22 raw materials. Temperatures will be 15 to 25 degrees Fahrenheit below average from the Northern Plains to the Upper Great Lakes, the National Weather Service said in an advisory on its website.

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natural gas futures news

natural gas futures news

December 17th, 2014

Natural gas futures advanced in New York for the first time in three days on forecasts for a late-December chill that would spur demand for the heating fuel.

The weather will probably be colder than normal in the Midwest, Great Lakes and mid-Atlantic regions from Dec. 27 through Dec. 31, according to WSI Corp. in Andover, Massachusetts. The low in Detroit on Dec. 27 may be 12 degrees Fahrenheit (minus 11 Celsius), 9 lower than usual, data from AccuWeather Inc. show.

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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

natural gas futures

June 9th, 2014

Natural gas futures slipped from a one-month high in New York as cooler weather in the central U.S. limited demand for the power-plant fuel.

Gas fell as much as 1.3 percent. MDA Weather Services predicted below-normal temperatures from the Midwest to Texas over the next five days, with unusually warm readings on the East and West coasts. Gas inventories gains topped the five-year average for the past seven weeks during a seasonal demand lull.

“It’s a cooler pattern emerging of very little cooling demand in the midcontinent,” said Teri Viswanath, director of commodities strategy at BNP Paribas SA in New York. “A broad swath of the U.S. is going to have very light demand this week and possibly into next week.”

Natural gas for July delivery fell 4.3 cents, or 0.9 percent, to $4.657 per million British thermal units at 10:36 a.m. on the New York Mercantile Exchange after touching $4.743, the highest intraday price since May 8. Volume for all futures traded was 33 percent below the 100-day average. Gas is up 10 percent this year.

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