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.

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.

Continue reading »

natural gas futures brokers

natural gas futures brokers

November 4th, 2015

U.S. natural gas futures rose for the first time in three days on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

Natural gas for delivery in December on the New York Mercantile Exchange tacked on 4.2 cents, or 1.84%, to trade at $2.295 per million British thermal units during U.S. morning hours.

A day earlier, natural gas prices lost 0.3 cents, or 0.13%, as forecasts pointed to unseasonably warm readings for early November. Bearish speculators bet on the warm weather reducing early-winter demand for the heating fuel.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.

Continue reading »

natural gas options

natural gas options

October 20th, 2015

U.S. natural gas futures extended gains from the prior session on Tuesday, as forecasts for chilly temperatures across key consumption regions of the U.S. boosted demand expectations for the fuel.

Natural gas for delivery in November on the New York Mercantile Exchange jumped 4.4 cents, or 1.8%, to trade at $2.487 per million British thermal units during U.S. morning hours.

A day earlier, natural gas futures tacked on 1.2 cents, or 0.49%, as a cold blast hit the U.S. Northeast, boosting near-term demand expectations for the heating fuel.

Updated weather forecasting models showed that a cold front will impact the northern U.S. through October 28.

Continue reading »

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.

Continue reading »

natural gas futures brokers

natural gas futures brokers

February 4, 2015

Natural gas futures declined in New York for the fifth time in six days as forecasts showed a mix of mild and colder-than-normal weather that would limit demand for the heating fuel.

Temperatures may be mostly average in the central and eastern U.S. through Feb. 18, with frigid weather confined to the Northeast, according to Commodity Weather Group LLC in Bethesda, Maryland. A gas stockpile deficit to the five-year average has narrowed to 3 percent from a record 55 percent at the end of March.

Continue reading »

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.

Continue reading »

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.

Continue reading »

natural gas futures brokers

natural gas futures brokers

September 29th, 2014

Natural gas futures advanced to a one-month high in New York on forecasts for colder-than-normal October weather that would stoke demand for the heating fuel.

Temperatures may be below normal in parts of the central U.S. from Oct. 4 through Oct. 13, according to MDA Weather Services in Gaithersburg, Maryland. Gas stockpiles were 13 percent below the five-year average in the week ended Sept. 19, the biggest deficit for the time of year since 2005.

Continue reading »