NYMEX Natural Gas Futures Contract Apr23 +US$0.183/MMBtu at $2.731. Summer 23 +$0.126, Winter 23 +$0.053. Market Fundamentals Today marked the first day of the Apr23 contract trading as the prompt month. Continuing last week’s trend, sessions continue to trade higher on the news of colder weather. The week ending March 17th, 2023 is now looking …
Today marked the expiry of March as the prompt month contract and it was quite an exciting one. It was green across the board again today, and March settled at US$2.451/MMBtu, up $0.137 from yesterday. The struggle between fundamentals and technicals continues to drive market movement as the lack of any significant changes in weather …
NYMEX Natural Gas Futures Contract Prompt month Mar23 +US$0.14/MMBtu at 2.314. Spring 23 +$0.134, Winter 23 +$0.107. Market Fundamentals Another green day across the board, the main news today was another rather bearish U.S. EIA storage report, that saw a small dip in the day before prices continued to climb. For the week ending February …
NYMEX Natural Gas Futures Contract Mar23 prompt month + US$0.101/MMBtu to $2.174. Spring 23 +0.125, Winter 23 +$0.093. Market Fundamentals After falling to a low of $1.967 overnight, prices climbed throughout the day to recover to yesterday’s early levels. March 2023 hit a high of $2.302 before coming down into the close. Recovery is attributable …
NYMEX Natural Gas Futures Contract Red continues across the board, Mar23 -US$0.202/MMBtu to $2.175. Summer 23 -$0.157, Winter 23 -$0.0953. Market Fundamentals Weather continue to show warmth for the balance of the month. Utilities are using excess inventory to meet current demand leaving the markets to move lower without much support at this point. (RS)
NYMEX Natural Gas Futures Contract Red across the board, Mar23 -US$0.114/MMBtu to $2.275. Summer 23 -$0.136, Winter 23 -$0.103. Market Fundamentals What a way to end the week, natural gas fell to 29-month lows today, bouncing of $2.22 late in the day. The settle in the Mar23 contract was the lowest settle since September 28th, …
NYMEX Natural Gas Futures Contract Settle: +US$0.08 MMBtu at $2.40. High: $2.56. Low: $2.36 Range: $0.201 Market Fundamentals The EIA storage report was weaker than projected causing the market to sell off from the early rally this morning. Absent of any weather, we this market will continue to erode until producers start shutting in production. …
NYMEX Natural Gas Futures Contract Settle: +US$0.131MMBtu at $2.46. High: $2.60. Low: $2.45 Range: $0.161 Market Fundamentals Pricesdropped back to Mondays lows as we continue to remain bearish with this abnormal warm winter weather. Tomorrow the EIA storage report is issued and will offer some insight as to where the markets could trend over the …
NYMEX Natural Gas Futures Contract Settle: +US$0.1444/MMBtu at $2.519. High: $2.55. Low: $2.415 Range: $0.142 Market Fundamentals Prices rose as the marketss opened today on news the Freeport LNG facility will start operations drawing excess gas supply for export purposes to be staged in over the next few months. Recent months have proven to be …
NYMEX Natural Gas Futures Contract Settle: -US$0.109/MMBtu at $2.405. High: $2.61. Low: $2.376. Range: $0.234. Market Fundamentals Prices fell as markets opened yesterday 18:00 February 12th, 2023 but managed to bounce of the $2.50 mark. The same could not be said coming into 8:30, as prices fell to the $2.40 before bouncing to $2.528 and …