The Energy Information Administration (EIA) reported yesterday that 127 BCF of gas was withdrawn from storage last week, compared to the market expectation of a 119 BCF withdrawal. As a result, natural gas futures rallied Thursday— up 5.9 percent—and prices continue to edge higher today. The withdrawal rate was well below last year’s 230-bcf draw. Read the Rest…
Category Archive
for: ‘Natural Gas Prices’
Natural Gas Loses Yesterday’s Gains
According to a report from Dow Jones Newswires, natural-gas futures prices were trading lower Friday on expectations that the rest of winter weather won’t be enough to put a dent in the oversupply of natural gas in storage. Prices failed to follow through on Thursday’s sharp 7.2 percent rise, as updated temperature outlooks show below. Read the Rest…
Natural Gas Futures Fall Flat
Natural gas futures in New York fell to a 27-month low for a second straight day after the EIA’s report showed a smaller-than-average decline in U.S. stockpiles and on warmer weather expected ahead. Natural gas for January delivery fell 0.9 cent to $3.127 per million British thermal units on the New York Mercantile Exchange the. Read the Rest…
Natural Gas Futures Lose Last Week’s Gain
Forecasters call for still more mild winter weather into mid-December. As a result, natural gas prices have fallen 5.1 percent the past two sessions. Natural gas for January delivery ended the day down 12.3 cents, or 3.4 percent, at $3.461 a million British thermal units on the New York Mercantile Exchange. The January contract fell. Read the Rest…
Natural Gas Futures Slump Five Percent
Natural gas futures slumped again Monday—falling five percent as the contract for December delivery expired. This came on the heels of a boost in prices carried over from the previous week’s seven percent weekly advance amid speculation a recent bout of mild U.S. weather was beginning to give way to cooler temperatures across most parts. Read the Rest…
