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Weaker Cash And Bearish EIA Report Send Natural Gas Prices Tumbling
After testing the 2.70 level in the prompt month October contract a couple of times earlier this week, sellers have taken control the last couple of days, especially in today's session, which saw prompt month prices decline nearly 10 cents.
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Weather Forecasts Jump Back Hotter As Summer Refuses To Go Quietly
For a couple of days last week, it looked like the abnormally hot pattern in place was finally ready to fade away, but weather models over the weekend jumped notably hotter for the second half of September.
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Recapping This Week In Natural Gas
For the third week in a row, natural gas prices posted a notable gain, closing nearly 12 cents higher on the week, with the prompt month October contract settling over the 2.60 level for the first time since late May.
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Late-Summer Sizzler Boosts Natural Gas Demand
While the official start of Autumn lies just around the corner, Summer refuses to go away without a fight.
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Natural Gas Prices Finish With Nearly A 10% Weekly Gain
Prompt month prices soared higher again today, even testing the 2.50 level in today's trading session.
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Larger Than Expected Build In Today's EIA Report Mostly Shrugged Off
Today's EIA release revealed that last week's storage build was a little larger than expected, with an injection of 84 bcf reported.
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