Articles tagged eia storage report

Volatility continued in natural gas futures trading early Thursday as the prompt month contract resumed a seesaw pattern. Market participants may be awaiting the latest storage data to incentivize a more decisive direction.

Natural gas futures returned to teetering between modest gains and losses early Wednesday while the market waited for more definitive signals before making substantial moves with little fresh fundamental support.

Natural gas futures rose but treaded lightly to kick off the week’s final session, as traders weighed an improving storage trajectory against signs of fading demand.

The September Nymex gas futures contract on Wednesday limped along early on its last day at the front of the curve. It was down 1.1 cents to $1.893/MMBtu as of 8:40 a.m. ET.

With mixed weather patterns and a government inventory update only hours away, natural gas futures traded lower early Thursday.

Natural gas futures traded in a narrow band early Wednesday as traders contemplated favorable late-summer fundamentals alongside the specter of fall weather and the inevitable swoon in cooling demand that it delivers.

Natural gas futures were near even ahead of today’s government inventory report. Analysts were looking for an unusually small increase – or a withdrawal from storage.

Natural gas futures hovered in a narrow but positive range to launch trading Wednesday, with bulls focused on late August heat, lower production, and forecasts for an anemic storage print.

Natural gas futures were up early Friday and headed toward a fourth consecutive day of gains as traders digested a bullish storage print, lighter production estimates and a looming heat wave.

Natural gas futures searched for direction as Thursday’s session got underway, with market participants contemplating a mixed weather outlook and awaiting the latest government inventory data.