Natural Gas Market Updates

In an action-packed Friday, the NYMEX front month dipped $0.08 USD/MMBtu or 1.8% to settle at $4.57 USD/MMBtu. The calendar spread (Dec-25 to Nov-26) fell an average of 1.3%. Early downward movement was driven by profit-taking bulls after yesterday’s push to 3-year highs. The movement gained further momentum following bearish EIA injection data to break…

Markets broke through the $4.60 USD/MMBtu barrier and returned to three-year highs today. The NYMEX front month rose $0.11 USD/MMBtu or 2.5% to settled at $4.65 USD/MMBtu. With the EIA storage report delayed till tomorrow (due to Veterans Day), the market remained driven by weather forecasts. Although the 6–15-day forecast showed a warming pattern, traders…

Following yesterday’s rise, traders were conflicted on market direction today. Markets varied from down 2% to up 2% before ultimately settling 1% lower at $4.53 USD/MMBtu. The market remains in a thinly balanced scenario where demand is ramping up, but supply appears ready to meet it. High LNG flows and cold initial Winter forecasts are…

Natural gas markets skyrocket to 3-year highs today. The NYMEX front month rose $0.23 USD/MMBtu or 5% to settle at $4.57 USD/MMBtu, the highest price since December 2022. The rise wasn’t just isolated in the front month, as the entire calendar year increased by an average of $0.12 USD/MMBtu. There was no major change to…

Markets settled flat today despite cold weather arriving in eastern North America. A weekend rally to $4.50 USD/MMBtu was corrected in early trading as traders sold the overbought position. The NYMEX front month eventually settled at $4.34 USD/MMBtu, only posting a small gain of $0.02 USD/MMBtu or 0.5% to Friday’s settlement. Many cities located on…

After the highly volatile week, Friday allowed traders to breathe with a range-bound trading session. The NYMEX front month flirted with small gains before eventually edging down $0.05 USD/MMBtu or 1% to settle at $4.31 USD/MMBtu. Despite today’s drop, the front month still ended 4.5% higher, representing the third consecutive positive week. As Winter is…

The EIA injection volume aligning with expectations resulted in a steady gain in natural gas markets today. The NYMEX front month climbed $0.13 USD/MMBtu or 3% to settle at $4.36 USD/MMBtu. The storage increase of 33 bcf was 2 bcf higher than WSJ projections, however, it still represented the smallest injection volume since mid-August. US…

Natural gas markets declined today, with the front-month contract dropping $0.11, or 3%, to settle at $4.23 USD/MMBtu. Before this session, the December contract was up $0.53 USD/MMBtu over the last four sessions. Despite the small selloff, the market remains overbought, setting the stage for another important storage report tomorrow. A higher-than-expected injection could catalyze…

Up some more! Natural gas markets rose for a fourth straight session to reach the highest price for a prompt month since mid-March. The prompt month reached as high as $4.40 USD/MMBtu before settling at $4.34 USD/MMBtu (2% gain), following an afternoon sell-off. This gain came despite forecasts indicating a significantly warmer than normal middle…

New month, same market! Despite a midday dip, natural gas markets rebounded in the afternoon to post a positive gain for the third trading session in a row. The NYMEX front month rose $0.14 USD/MMBtu or 3.4% to settle at a seven-month high of $4.27 USD/MMBtu. Record LNG flows and colder revisions to the weather…

Natural gas markets continued yesterday’s rally with the NYMEX front month reaching $4.12 USD/MMBtu, a $0.17 USD/MMBtu or 4% increase from yesterday. The December contract is now $0.31 USD/MMBtu, or 8% higher, since it became the front month. Weather forecasts did once again revise slightly cooler; however, the NYMEX movement is primarily driven by non-fundamental…

Natural gas markets started the day up, and those gains were only extended following the EIA storage report. The newly appointed front month, Dec-25, rallied $0.14 USD/MMBtu or 3.7% to settle at $3.96 USD/MMBtu. EIA injections for last week were 74 bcf, which closely aligned with the WSJ survey of 73 bcf. In recent weeks,…