Updated Sep 25, 2024
9/25/24
October Nymex natural gas futures floated from gains to losses during Tuesday afternoon trading. The market was caught between prospects of significant demand destruction and production shut-ins as Tropical Storm Helene formed over the Caribbean. Cash prices were mixed by varied demand.
By Jodi Shafto
on
By Jodi Shafto on
October Nymex natural gas futures were higher through Monday afternoon trading as production cutbacks continued while strong LNG demand countered the expected decline in power sector load as weather turned mild across the bulk of the country.
By Jodi Shafto on
October Nymex natural gas futures turned lower Friday afternoon as support from Thursday’s bullish storage print and former Hurricane Francine was exhausted. Near-term weather and storage expectations minimized the retreat.
By Jodi Shafto on
Natural gas futures were higher with newfound support Thursday from the latest storage print, as the figure compared bullishly with historical averages and expectations, and signaled further tightening.
By Jodi Shafto on
Natural gas futures were moving higher as the market looked beyond the near-term impacts of Category 1 Hurricane Francine to warmer weather and comparatively small storage injections easing end-of-season supply woes.
By Jodi Shafto on
October natural gas futures pulled back early gains while holding positive ground Tuesday as the market tried to gauge the impact of Tropical Storm Francine, which could make landfall in Louisiana Wednesday as a Category 2 hurricane.
By Jodi Shafto on
Natural gas futures were taking a beating Monday, as Mother Nature was hitting demand with a powerful one-two punch.
By Jodi Shafto on
Natural gas futures were drifting between modest gains and losses through Friday afternoon trade as weaker weather-related demand butted-up against vestiges of support from Thursday’s extremely bullish storage print.
By Jodi Shafto on
Prompt month natural gas futures traded solidly higher Thursday, reaching an intraday high of $2.286/MMBtu enlivened by a storage print that fed bullish sentiment, coming in below estimates and well below historical averages.
By Jodi Shafto on
October Nymex natural gas futures gave back most of their prior-day gains after shuffling on either side of the settlement through early afternoon trade on Wednesday.
By Jodi Shafto on
Natural gas futures swung between gains and losses before taking a decidedly higher turn in early afternoon trade Tuesday. Market participants attempted to gauge the impact of weather, LNG and a downward shift in Lower 48 gas production. Spot prices advanced coming off of the Labor Day weekend.
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