Natural Gas Market Updates

What goes up must come down! After weeks of the price of natural gas aggressively climbing, markets posted their first significant down day in November. The NYMEX front month fell $0.21 USD/MMBtu or 4.5% to settle at $4.36 USD/MMBtu. The winter months (Dec-25 to March-26) dropped an average of $0.15 USD/MMBtu as traders discounted the…

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…