Updated Aug 22, 2024
8/22/24
Natural gas futures seesawed in a narrow range of gains and losses for a second straight session on Wednesday. The prompt month hovered in the red by early afternoon trading as market participants weighed expectations for strong late-August cooling needs and bullish supply trends against expectations for retreating demand in the fall.
By Kevin Dobbs
on
By Kevin Dobbs on
Coming off an 11.2-cent rally the previous session, natural gas futures probed a few cents higher early Tuesday on lower production estimates. But the prompt month failed to sustain momentum as traders focused on weaker near-term demand and took profits. Cash prices also trended lower at midday.
By Kevin Dobbs on
Natural gas futures on Monday advanced through early afternoon trading, propelled by forecasts for widespread heat in late August, lighter production and expectations for another big sign of tightening supply/demand with Thursday’s government inventory data. Spot prices also advanced.
By Chris Newman on
Natural gas futures accelerated declines through midday trading Friday, undercut by weakness in physical cash markets and forecasts for milder weather next week.
By Kevin Dobbs on
Natural gas futures on Thursday fell early but gained ground through midday trading as a bullish government assessment of supplies in storage overshadowed near-term weakness in weather demand. However, the prompt month then retreated to near even in early afternoon trading. Spot prices slipped.
By Kevin Dobbs on
Natural gas futures advanced early Wednesday and kept momentum rolling through midday trading. The prompt month headed for a second daily advance. The cash market posted modest gains in most regions, meanwhile, though West Texas showed customary losses as supplies backed up amid maintenance work.
By Kevin Dobbs on
Natural gas futures mustered momentum on Tuesday – after losing ground the day before and last week – amid lighter production readings, bargain buying and short covering.
By Kevin Dobbs on
With widespread and intensifying heat gripping the Lower 48, natural gas futures advanced early Friday but could not hold gains into afternoon trading. Spot prices dropped.
By Kevin Dobbs on
Natural futures forged ahead early Thursday but leveled off, and by early afternoon, were trading in the red following a lean government inventory print. Spot prices were nearly flat at midday.
By NGI Staff Reports on
In our continuing effort to stay ahead of changes in the physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) will amend the spot market price tables that appear in NGI’s various data services by adding three (3) new indexes and making adjustments to five (5) existing indexes.
By Chris Newman on
As weather forecasts trimmed more demand from the mid-August outlook, natural gas futures continued to move lower through midday trading Wednesday.
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