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 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.

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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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natural gas options

Natural gas futures

September 3rd, 2013

Natural gas futures climbed to a five-week high in New York on concern that storms would disrupt supplies amid hot weather that may stoke demand for the power-plant fuel.

Gas gained as much as 2.8 percent after the National Hurricane Center said low pressure systems were producing showers and thunderstorms over the Lesser Antilles and Mexico’s Yucatan Peninsula. MDA Weather Services in Gaithersburg, Maryland, predicted above-normal temperatures in the central U.S. through Sept. 17.

“These storms are definitely providing a little extra support for the market because there’s concern that they could move into the Gulf,” said Phil Flynn, a senior market analyst at Price Futures Group in Chicago. “It’s pretty warm in the Midwest and the hot temperatures are still boosting cooling demand.”

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