Markets

June natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract settled at $2.626/MMBtu, up 13.1 cents day/day. Meanwhile, NGI’s Spot Gas National Avg. tumbled 13.5…

Front month natural gas futures were charting new highs Friday as bulls aimed to make it a third consecutive positive session. In the spot market, meanwhile, deals for weekend and Monday delivery were mostly drifting lower. Here’s the latest: June Nymex futures up 11.4 cents to $2.609/MMBtu as of 2:06 p.m. ET “Reasons for gains…

Natural gas prices are on the rise in May, but they are coming off some of the lowest levels of the decade in April, as well as weakness through most of 2024. This sapped the will of natural gas bulls for a stretch. However, the price slump dropped consumer heating bills over the past winter…

Bulls remained in control in natural gas futures trading early Friday as recent inventory data pointed to tight underlying balances heading into the peak summer months. The June Nymex contract was up 4.9 cents to $2.544/MMBtu as of 8:36 a.m. ET. July was up 3.6 cents to $2.723. The U.S. Energy Information Administration (EIA) on…

Natural gas futures on Thursday soared amid rising demand and the release of the latest storage data outlining an injection that was a bullish miss against expectations and historical averages. At A Glance: Storage up 70 Bcf Production dips Demand rises The June Nymex gas futures contract backed off the $2.575/MMBtu intraday high and settled…

Natural gas forwards rallied during the May 9-15 trading period as the market keyed in on the upside potential of summer power burns. Front month fixed prices at Henry Hub climbed 22.8 cents to finish the period at $2.422/MMBtu, Forward Look data show.  Interestingly, near-month basis differentials weakened at numerous other Lower 48 trading points…

The rally continued for natural gas futures through midday Thursday as a leaner-than-expected weekly inventory injection kept bulls on the offensive.  Here’s the latest: June Nymex futures up 6.6 cents to $2.482/MMBtu at around 2:20 p.m. ET U.S. Energy Information Administration’s (EIA) reported storage injection misses bullish at 70 Bcf Lower 48 surplus to five-year…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas into storage for the week ended May 10. The result was a miss against expectations and historical averages. The print reflected rising demand and listless production, supporting additional gains in Nymex June natural gas futures. About 30 minutes ahead…

As traders prepared to digest updated government inventory data, expected to show surpluses trending lower week/week, natural gas futures advanced early Thursday. The June Nymex contract was up 3.0 cents to $2.446/MMBtu at around 8:40 a.m. ET. July was up 2.8 cents to $2.659. Ahead of the U.S. Energy Information Administration’s (EIA) 10:30 a.m. ET…