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Market Summary: 09 Sep – 13 Sep 2013

The following is a summary of last week’s market activity and the market outlook: NYMEX natural gas saw quite a bit of volatility last week and in the end, finished the week on the strong side. The Prompt Month (October) ended the week up 15 cents, the 12-month Strip was up 10 cents and Calendar … Read more

Market Summary: 02 Sep – 06 Sep 2013

The following is a summary of last week’s market activity and the market outlook: The NYMEX started strong last week, but finished weakly, with two down days in a row for the first time in a month.  Last week’s bearish storage report, as well as a lack of ongoing bullish fundamentals, stemmed the month-long rally … Read more

Market Summary: 26 Aug – 30 Aug 2013

The following is a summary of last week’s market activity and the market outlook: Natural gas futures moved up again, despite a bearish natural gas storage report–and the late summer heat has definitely contributed to the rally. With additional price increases Monday morning, near-term natural gas futures are at their highs since late July, with … Read more

Market Summary: 19 Aug – 23 Aug 2013

The following is a summary of last week’s market activity and the market outlook: Natural gas futures moved up due to a lower-than-expected storage injection and some modestly bullish weather forecasts. The Prompt Month moved up 13 cents to $3.36 and the 12-month Strip closed at $3.69, up 14 cents for the week. Calendars ’14, … Read more

Market Summary: 12 Aug – 16 Aug 2013

The following is a summary of last week’s market activity and the market outlook: Natural gas futures moved up due to a lower-than-expected storage injection and some modestly bullish weather forecasts. The Prompt Month moved up 13 cents to $3.36 and the 12-month Strip closed at $3.69, up 14 cents for the week. Calendars ’14, … Read more

Market Summary: 05 Aug – 09 Aug 2013

The following is a summary of last week’s market activity and the market outlook: Once again, weather forecasts have dominated the market this past week. With mild temperatures continuing and a large natural gas storage report on Thursday, the market dropped on Friday to new 8-month lows for the near-term and all-time lows for the … Read more

Market Summary: 29 Jul – 02 Aug 2013

The following is a summary of last week’s market activity and the market outlook: The weather forecasts have dominated the market this past week.  The 2-week forecasts are showing abnormally cool weather for a large portion of the United States.  The key air conditioning regions are seeing normal to 4 degrees below-normal temperatures on average–which … Read more

Market Summary: 22 Jul – 26 Jul 2013

Market Summary: 22 Jul – 26 Jul 2013 The following is a summary of last week’s market activity and the market outlook: Despite a bullish storage report on Thursday, natural gas finally broke through the $3.60 barrier, settling on Friday at its lowest level ($3.56) in more than four months.  Settles had been as high … Read more