Articles tagged Futures

The soon-to-expire October Nymex natural gas futures contract reversed overnight gains, ticking a few cents lower early Tuesday on the heels of an impressive 17.9-cent advance Monday. Gains were motivated by the uncertain impact of a large storm system in the Gulf of Mexico (GOM) and a tight market balance.

Prompt month natural gas futures marched higher Monday as risks to supply from a developing Gulf Coast storm added to pipeline issues and bullish weather revisions in tightening up market balances.

October Nymex natural gas futures surged through early afternoon Monday, bolstered by the potential for production disruptions later this week, with another storm brewing in the tropics.

Prompt month natural gas futures trended upward to start the week amid mixed fundamental data and the possibility of production-slowing hurricane.

Natural gas futures returned to meandering Friday but held above previous resistance at $2.300/MMBtu through early trade. The seesawing followed Thursday’s gains on a bullish storage print, while focus returned to the tropics, where threats to production and demand loomed.

October Nymex natural gas futures drifted on either side of the prior day’s settlement early Thursday as the market awaited the latest storage data for more definitive directional support.