Natural Gas Market Updates

The NYMEX front month continued its upward climb today, with a $0.06 USD/MMBtu, or 2%, increase to reach $3.33 USD/MMBtu. Weather forecasts in the US shifted slightly colder this morning, supporting natural gas bulls. Previous forecasts were trending above normal (indicating less demand) but have since shifted to the 10-year average. The increased cold is…

Based on morning activity, the market appeared to be in for a quiet day as it hovered around neutral. This changed by the afternoon after we saw bullish momentum push the market up $0.06 USD/MMBtu to settle at $3.27 USD/MMBtu. Fundamental factors continue to lean bearish with milder forecasts in the US, increased production volumes,…

As the week ends, we bid farewell to the Oct-25 NYMEX contract. After positions were liquidated on this final day of trading, the Oct-25 contract settlement price was $2.87 USD/MMBTU, $0.05 USD down from yesterday. Turning our gaze to the November contract, we saw an elastic day with moves into the positives and negatives before…

The NYMEX experienced a sustained rally to as high as $2.97 USD/MMBtu in the morning as traders liquidated their options before settlement. Following the release of EIA storage volumes, trading momentum reversed with the market falling slightly to $2.92 USD/MMBtu, up $0.06USD/MMBtu or 2% from yesterday’s settlement. EIA’s injection volume of 75 Bcf was in…

In a low volatility trading session, gas markets remained largely unchanged from yesterday. The October NYMEX contract settled at $2.86 USD/MMBTU, only a $0.01 USD/MMBTU increase from yesterday. Traders await tomorrow’s EIA storage numbers before deciding the final resting point for the October contract.   New weather forecasts showed a slightly more bearish gas demand…

The NYMEX front month was up $0.02 USD/MMBtu or 0.5%, to settle at $2.85 USD/MMBtu, marking the first time in five sessions that the market rose. Reminder, on Friday, the NYMEX front month will roll over from October to November. We are already seeing a significant increase in trading of the November contract, with 133,000…

It may be a new week, but the downward trend for gas prices continues. The NYMEX front month settled at $2.81 USD/MMBtu, a $0.08 USD/MMBtu or 2.8% drop from Friday’s settlement. The weather continues to disappoint with no significant heating demand in the two-week forecast. Production remains slightly down from the record volumes of August,…

As the week comes to a close, the NYMEX front month continued its fall, dropping to $2.89 USD/MMBtu. This marked the end of a highly elastic week where prices soared to as high as $3.10 on Wednesday before snapping back to today’s low, ending $0.07 USD/MMBtu below last week’s final settle.   Concern over running…

Storage day is upon us, and as a result, the market was shocked back to reality. NYMEX futures for Oct-25 plummeted $0.16 USD/MMBtu or 5% to settle at $2.93 USD/MMBtu. EIA gas injections in the lower 48 totaled 90 bcf last week, resulting in the heaviest weekly injection since June. US gas storage now stands…

In the early hours of trading, the market appeared to be continuing its two-day rally, but by the afternoon, most of those gains had dissipated. As of 3 PM (EST), the NYMEX front month (Oct-25) is currently down $0.02 USD/MMBtu, with the winter strip (average of Nov-25 to Mar-26) up $0.02 USD/MMBtu. As we enter…

The market continued yesterday’s rally, gaining another $0.06 USD/MMBtu to settle at $3.10 USD/MMBtu. Despite the gain, market fundamentals remained largely neutral. Lower demand forecasts counteracted decreased production numbers, while no significant changes to LNG flows were observed.    Meteorologists at the National Hurricane Center are closely monitoring the development of a tropical storm in…

The NYMEX front month started the week off strong, rallying $0.10 USD/MMBtu or 3.4% to return over the $3.00 USD/MMBtu price threshold and settle at $3.04 USD/MMBtu. Today’s movement largely erased the front month decline experienced last week.   In the US, weather forecasts indicate that the reminder of September will be warmer than normal,…