Articles by Bill Burson

Physical Gas, Futures Dance Higher; November Expires Up 8 Cents

Physical gas for Thursday delivery surged in Wednesday’s trading as forecasts called for plunging temperatures and a strong hint that the mild conditions experienced until recently might have to give way to a more seasonal temperature regime. Read More

Real Cold Not Here Yet; Expiring November Contract Seen 2 Cents Lower

The expiring November natural gas futures contract is seen opening 2 cents lower Wednesday morning at $3.63 as traders square books and see the market at oversold conditions. Overnight oil markets rose. Read More

New England, Gulf Losses Outdo Gains Elsewhere; Futures Bounce Off New Low

Gas for delivery Wednesday was mixed in Tuesday's trading with downturns in New England and the Gulf Coast just outlasting market strength in the Mid-Atlantic, Marcellus, Great Lakes and California. Overall, the market fell a penny. Read More

Weather Models Hint At Cold Snap; November Seen a Penny Higher

November natural gas is set to open a penny higher Tuesday morning at $3.57 as traders prepare for options expiration and factor in a shot of cold weather in key eastern and western markets. Overnight oil markets rose. Read More

Cash Gains, But Futures Slump Further

The warm weather switch got turned off for Tuesday and next-day gas prices rose as forecasts in major energy markets called for temperatures Tuesday as much as 15 degrees lower. Read More

Traders Await Hedge Selling Opportunities; November Called 3 Cents Lower

November natural gas is set to open 3 cents lower Monday morning at $3.59 as market bulls unsuccessfully scan the weather horizon for supportive developments and for the moment shun any hedging activity. Overnight oil markets fell. Read More

What Seasonal Advance? Physical NatGas Prices Grind Lower In Weekly Trading

It was a rough week for those thinking it was time for natural gas prices to begin their normal seasonal advance into late November. For the week ended Oct. 24 all market points west of the Ohio Valley followed by NGI fell into the loss column. NGI's National Weekly Spot Gas Average fell by 13 cents to $3.29. Read More

Summer-Like Weather Swamps Cash Market; Futures Nervously Mixed

A few eastern points made it to the positive side of the trading ledger in Friday trading for weekend and Monday deliveries, but otherwise losses averaging a dime or more were common. Read More

Analysts See Equal Up/Down Risk, Yet November NatGas Called 4 Cents Lower

November natural gas is set to open 4 cents lower Friday morning at $3.58 as traders note little change in mild weather forecasts and increased production is expected to make up for an expected storage deficit relative to last year. Overnight oil markets retreated. Read More

NatGas Cash Takes Double-Digit Drubbing; Futures Clock 11-Month Low

Futures prices may have taken a hit from an uninspired weekly Energy Information Administration storage report Thursday, while physical market trading for Friday delivery took no prisoners and left only a handful of points in the plus column. Read More