Natural Gas was down 2% on the day through to 2023. Markets reacted to a larger than projected storage injection and continued concern regarding the economic trends. In general global energy shortages are not in the line at gas stations where customers grumble about the cost of fuel. They show up in business’ closing, soaring …
Natty traded on both sides of the pin today, opening up ~2% before following the broader market lower. Eventually recovering, the balance of the curve finished in slight positive territory, with the winter 2024 contracts outperforming the rest of the curve. The stock market had its worst day of the year after Target missed earnings …
Happy Tuesday everyone. Natural gas prices continued to climb today on the news of lower production due to maintenance. The June prompt month contract climbed overnight and hit a high of US$8.372/MMBtu today before coming down to settle at $8.304 This is still up $0.348 from yesterday’s settle really emphasizing how even the slightest of …
Well it must be Monday as Natural gas markets were jumping all day as the June prompt month NYMEX contract settled US$0.37 MMbtu up from last weeks close. Slightly colder weather is projected in the forecast and continues to oscilate depending on the source. We are starting to trade the second half of the month …
Hello to everyone and hello to Friday the 13th, it’s been a while since we’ve had one! Natural gas markets were rather calm today as the June prompt month NYMEX contract settled US$0.076/MMBtu down from yesterday at $7.663. The downward move extended outwards to February 2023, but was relatively flat for March 2023 and beyond. …
Happy Thursday everyone! Today marked the weekly release of the U.S. EIA storage report. While the industry average came in at an injection of 79.5 billion cubic feet (Bcf), many top forecasters came in above that in the low 80s. The actual report though, came in at a low of 76 Bcf at the 10:30AM …
Summer has arrived in Toronto with 25deg C sun and heat, perhaps the start of the hot summer projections. Markets were up from yesterdays lows boucing off the bottom where traders were buying up the lows and moving the market back to where we were late last week. This market seems to be range bound …
Happy Tuesday everyone! Today saw a reversal in yesterday’s action early on in the day. Domestic production fell slightly overnight, but it was really overseas news once again that drove a rally upwards in the NYMEX. The Ukraine Gas Transmission Operator (@GasTSOua) declared at 9AM EST a force majeure on the smaller of two natural …
Happy Monday from RiteRate! Welcome back to another wild day in “natty.” As per usual, markets opened yesterday at 6PM EST and saw some upward momentum with some outlook to undo the downward run last Friday. This upward direction was short-lived though and markets began to fall at around 6AM EST as day traders returned …
Happy first Friday of May everyone! Today was a major down day in natural gas as the prompt month June NYMEX contract settled US$0.74/MMBtu down from yesterday at $8.043. The contract some continued momentum overnight yesterday and tested a high of $8.996 before coming back down with the news of production coming back online. To …