NYMEX Natural Gas Futures Contract Prices started the day up although settled closer to yesterdays closing numbers. Market Fundamentals Natural Gas consumption in 2022 ended on a record high at 141 BCF per day; breaking the previous record of 137.4 BCF in 2018. The winter of 2018 were plagued with strong winds, record low temperatures …
NYMEX Natural Gas Futures Contract Prices rebounded from Friday and settled up across the board. The prompt month February 2023 NYMEX contract settled +US$0.273/MMBtu at $3.447, and March 2023 to November 2024 settled +0.079 on average. The prompt month traded withing a relatively wide range again of $0.321 between $3.243 and $3.564. Market Fundamentals Weather …
NYMEX Natural Gas Futures Contract Prices continued to trade in the same range today with the prompt month February contract settling down US$0.027/MMBtu. Market Fundamentals Polar Vortex weather is expected for parts of Canada later this month forecasters noted earlier today. We will need a significant long standing cold weather to move this market off …
NYMEX Natural Gas Futures Contract Prices continued to trade in the same range today with the prompt month February contract settling down US$0.036/MMBtu. Contracts following settled up but under the $0.10 range (December 2023 settled up $0.06). Market Fundamentals The lack of weather and demand has resulted in another bearish U.S. EIA storage report for …
Quiet unofficial trading day as the U.S. celebrated Martin Luther King Day. The prompt month contracted traded within a US$0.155/MMBtu range today, hitting a low of $3.521 and a high of $3.676. Last trade at the early 2PM close came in closer to the high at $3.625. Colder weather as we can feel today is …
NYMEX Natural Gas Futures Contract The prompt month February NYMEX Futures contract traded down all day closing $3.447. If we break the $3.40 mark we could see lower prices below $3.00 into the later part of the winter. Fundamentals Trading is light based on Martin Luther King holiday Monday. Traders will start looking at this …
NYMEX Natural Gas Futures Contract The prompt month February NYMEX Futures contract traded over a wide US$0.339/MMBtu range today, hitting a high of $3.946 and a low of $3.607. The contract ultimately settled at $3.695 though, only up $0.024 from yesterday, Fundamentals Storage was released today and due to warm weather last week, an injection …
A day to save some ink ahead of EIA storage numbers tomorrow. The market opened on the defensive and traded into positive territory by the end of the day. The market is expecting an injection tomorrow of around 10 bcf, which is a bit of an anomaly for the winter months. Ultimately, strap on some …
NYMEX Natural Gas Futures Contract – markets are off all day today erasing yesterdays gains. Fundamentals With warm temperature on the horizon prices will reamin in the 3.00 – 3.75 range. Accrording to one weather expert, we are bound to have winter in February to early March. Take care. RS
NYMEX Natural Gas Futures Contract – markets were up the balance of the day as we hit our low for 2023 so far trading up $0.22 at the time of writing. Fundamentals Warm winter remains to influence the markets as we progress into the winter. Some experts beleive we could have a colder than normal …