Touch of Warmth in Forecasts Gives Natural Gas Bears ‘Ammunition’ in Price Pullback; Cash Mixed
After hinting at some weakness earlier in the week, natural gas futures moved decidedly lower on Tuesday as traders realized they may have given Punxsutawney Phil a little too much credit. With the brutal cold circulating through the Lower 48 seen fading before month’s end and a more seasonal pattern in store thereafter, the March Nymex gas futures contract settled 4.7 cents lower at $2.835. April fell 3.9 cents to $2.823.
Spot gas prices were mixed as the Arctic air bringing snow and freezing rain to the central United States was to begin penetrating farther south and east. NGI’s Spot Gas National Avg. slid 19.0 cents to $3.795.
Natural Gas Futures Slip as Bitter Cold Seen Fading; Cash Mixed
Weather models hint at polar set-up easing before month’s end
Hefty storage withdrawals still on tap for next few weeks
Midwest cash strong amid below-freezing temperatures
After hinting at some weakness earlier in the week, natural gas futures moved decidedly lower on Tuesday as traders realized they may have given Punxsutawney Phil a little too much credit. With the brutal cold circulating through the Lower 48 seen fading before month’s end and a more seasonal pattern in store thereafter, the March Nymex gas futures contract settled 4.7 cents lower at $2.835. April fell 3.9 cents to $2.823.
Author Bio
Daniel has been writing for Fool.com since 2019. A fan of value and dividend stocks, he covers the industrial sector, oil and gas, and renewable energy. He graduated summa cum laude from the University of Houston with a BBA in finance and marketing and a certificate in personal financial planning.
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January 29, 2021 By Waterways Journal
On December 9, the United Nations released an Emissions Gap Report that tracked the progress various nations are making on their commitments to the Paris Climate Accords to reduce carbon emissions to certain targets by 2030. The U.N. has released these reports every year since the accords were signed in 2015.
The report highlights an inconvenient truth that many anti-carbon activists would rather ignore or minimize: The United States is already doing better at reducing its carbon emissions, despite having left the Paris agreements under President Donald Trump. Meanwhile, very few of the countries that signed the Paris agreement are living up to their (non-binding) commitments.