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.

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 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

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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May 31st, 2012

Natural gas futures edged higher Thursday, snapping a four-day losing streak, after the U.S. government said gas inventories rose broadly in line with expectations.

Natural gas futures for July delivery settled 0.4 cents, or 0.2%, higher at $2.422 a million British thermal units on the New York Mercantile Exchange.

Futures began the session lower, falling to as low as $2.377/MMBtu, before reversing course in the hours after the 10:30 a.m. EDT inventory data. They extended their gains after the government also said natural-gas production in March fell to the lowest level since October.

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February 7th, 2012

Natural gas futures rose Tuesday as the prospect of cooler weather, and increasing gas-fired heating demand, kept prices from turning lower.

Natural gas for March delivery rose 3.4 cents, or 1.3%, higher at $2.584 a million British thermal units on the New York Mercantile Exchange. The benchmark contract had risen as low as $2.618 in earlier trading.

Natural gas futures gained as forecasters are calling for a sustained bout of colder weather across the Northeast U.S., which should result in dropping inventories of gas as more consumers use the fuel for heating.

Commodity Weather Group on Tuesday said cooler-than-normal temperatures are now expected to last into early next week for the U.S. east coast, while the Midwest should stay cooler longer into next week as well.

A relatively mild winter for much of the U.S. has contributed to record inventories of natural gas. Last week, the Energy Department said U.S. stockpiles stood at 2.966 trillion cubic feet, 25% above the five-year average level for this time of year.

“A lack of significant cold is precluding the market from sustaining price rallies,” said Jim Ritterbusch, head of oil-trading advisor Ritterbusch and Associates, in a research report.

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January 23rd, 2012

Natural gas futures, the worst-performing commodity in 2012, rose the most in two years in New York after Chesapeake Energy Corp., the second-largest U.S. producer, said it will cut production and reduce spending.

Natural Gas futures climbed 7.8 percent after Chesapeake said it will “immediately curtail” output of 500 million cubic feet a day and lower planned investment in gas fields by 70 percent from 2011 levels to $900 million. Hedge funds and other large speculators last week cut bets that gas would fall as it traded at its lowest levels since 2002, a government report showed.

On the New York Mercantile Exchange, gas for February delivery rose 18.2 cents to settle at $2.525 per million British thermal units. The percentage increase was biggest since Dec. 10, 2009. The futures are down 16 percent this year.

Gross production at Chesapeake wells will be cut by as much as 1 billion cubic feet a day as gas-well completions are deferred wherever possible, the Oklahoma City-based company said in a statement today. The reduction equals about 1.5 percent of U.S. marketed gas output in 2011, Energy Department data show.

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Published January 19th, 2012

Natural gas futures plunged more than 6% to their lowest level in 10 years Thursday, after a government report showed another week of modest demand for the fuel.

The slide marks the eighth straight session of lower prices for the commodity, triggered by an unusually warm winter that has damped demand for gas-fired home and office heating. With much of winter already over and production still elevated, prices may still have further to fall, analysts said.

“It’s just a giant market capitulation,” said Ben Smith, president of First Enercast Financial, a market data service.

Natural gas futures for February delivery settled 15 cents, or 6.1%, lower at $2.322 a million British thermal units on the New York Mercantile Exchange. That is the lowest finish for natural gas since Feb. 25, 2002.

Thursday’s sell-off came on the heels of a Department of Energy report that said U.S. natural gas inventories fell just 87 billion cubic feet last week, a much smaller than usual decline for this time of year.

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