Articles by Bill Burson

Weekly Natural Gas Prices Take It On The Chin Amidst Mild Temps

Weekly natural gas prices were stopped in their tracks once again as only 3 market points could muster gains for the week ended Dec. 5. The NGI Weekly Spot Gas Average plunged 48 cents to $3.58 and most locations nationally were down between 40 to 60 cents. Read More

New England Gains Lead Market Higher; Futures End Loss Streak At Six

Physical gas for weekend and Monday delivery vaulted higher Friday, led by multi-dollar gains at a handful of New England points. Read More

Bears Temper Their Enthusiasm; January Called 5 Cents Higher

January natural gas is seen opening 5 cents higher Friday morning at $3.70 as traders react to deeply oversold conditions and note forecasts of eastern storms for next week. Overnight oil markets fell. Read More

Futures and Cash Glide Lower; January Pummeled 16 Cents

Physical gas for Friday delivery managed to trade in similar fashion to futures Thursday in spite of the fact that most traders elected to get their deals done prior to the release of often market-jolting government inventory figures. Read More

Futures Probe New Lows Following Report of Lean Storage Pull

Natural gas futures plunged following the release of government storage figures showing a lower withdrawal than what the market was anticipating. Read More

Weather Models Little Changed; January Seen 4 Cents Lower

January natural gas is expected to open 4 cents lower Thursday morning at $3.77 as traders hone in on a government report that is expected to show far less usage of natural gas than historical norms and weather projections show little change. Overnight oil markets slumped. Read More

Broad Losses Edge Super-Sized East Gains; Futures Continue to Grind Lower

Physical gas prices for Thursday delivery took on a two-sided look in Wednesday's trading with East and Northeast points registering gains of $1.00 to $2.00, but into the Midwest and Producing regions, prices slumped from about a dime to 20 cents. Read More

The Heat Just Keeps Coming; January Called 9 Cents Lower

January natural gas is expected to open 9 cents lower Wednesday morning at $3.78 as the medium-term weather outlook continues to become ever more moderate. Overnight oil markets were mixed. Read More

NatGas Physical, Futures Continue to Erode, Yet Technicians See an Opportunity; January Loses 13 Cents

Physical natural gas prices for Wednesday delivery could get no help whatsoever from weather forecasts, the screen or power markets. Both futures and physical prices got hit with a double-digit flogging in Tuesday's trading. Read More

Weather, Technicals Undermining Near-Term Potential; January Seen 8 Cents Lower

January natural gas is set to open 8 cents lower Tuesday morning at $3.93 as traders see weather and technical factors working to suppress any meaningful market upside. Overnight oil markets fell. Read More