Articles tagged SoCal Citygate

August natural gas futures were trading lower through midday Friday as competing fundamentals and the contract’s Monday expiry juiced volatility.

Natural gas futures slumped lower for a third straight session on Thursday, hindered by a bearish storage print relative to expectations and elevated supply levels overall.

Natural gas futures traders on Tuesday took profits and snapped a winning streak after the prompt month had rallied nearly 20 cents over the three prior sessions.

Natural gas futures bounced off seasonal lows on Tuesday, advancing for only the third time this month amid lighter production readings, bullish storage expectations and signs of new activity at a key export facility following damage caused by former Hurricane Beryl.

August Nymex natural gas futures deepened losses Thursday despite excessive heat across much of the country. The market appeared to defy the outlook for heavy gas demand in favor of robust supplies.

Natural gas futures reversed early gains in an apparent shrugging off of the impacts of former Hurricane Beryl as the market focused instead on revised weather outlooks that erased cooling degree days (CDD), even as excessive heat is expected to grip large portions of the country.

Natural gas futures flipped negative through midday trading Tuesday after weather forecasts shaved off some of the Lower 48’s blistering heat expected over the next two weeks.

In the workweek ahead of the Fourth of July, natural gas cash prices dropped amid strong production and easing demand because of a cooldown in the country’s midsection and business closures for the holiday.

August Nymex natural gas futures attempted to break a six-day losing streak, but ultimately settled slightly in the negative after the U.S. Energy Information Administration (EIA) storage print failed to inspire.

Forecasts for near-record cooling demand in the month ahead failed to propel natural gas futures forward on Friday, as export volumes were in question and production held at strong levels.