Natural Gas

RANsquawk DAILY ENERGY COMMENTARY – 23/02/12

Brent rose to its highest level in nine months following some better than expected German IFO data. Markets are still cautious on Iran following news that UN inspectors were denied access to a suspected nuclear base....

Expansion of Contract Month Listing for NY ULSD (Argus) vs. Heating Oil Spread Swap Futures and Heating Oil Last Day Financial Futures

Effective Sunday, March 11, 2012, for trade date Monday, March 12, 2012, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will expand the listing of contract months for NY ULSD (Argus) vs. Heating Oil Spread Swap futures and Heating Oil Last Day Financial futures contracts, listed for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The commodity codes, chapter numbers and new listing schedules are provided below.Contract TitleCodeChapterExpanded Listing ScheduleNY ULSD (Argus) vs. Heating Oil Spread Swap Futures7Y246Through March 2013, discontinued thereafterHeating Oil Last Day Financial Futures23829Through April 2013, discontinued thereafter Please refer questions to:Energy Research:Daniel Brusstar Daniel.Brusstar@cmegroup.com 212.299.2604 Funda Saygin Funda.Saygin@cmegroup.com 212-299.2338

Morning Natural Gas Market Report

April natural gas prices trended lower throughout the early morning hours. Some traders suggested that the focus in the natural gas market has returned back toward record high US production and extremely large surplus compared to the five-year average of 38%....

NG lower ahead of what maybe a bullish inventory report tomorrow

Nat Gas futures traded in a relatively tight trading range but for the first time this week it actually broke down below the trading range the April Nat Gas contract was trading in all week....

RANsquawk DAILY ENERGY COMMENTARY – 22/02/12

NYMEX Option Expiration Operational Procedures for the Trading Floor and Clearing Members (HHQ) - Effective Wednesday, February 22, 2012

The expiration date for the March 2012 option contracts for the Henry Hub Natural Gas Quadultimate Option (HHQ) is Wednesday, February 22, 2012. GENERAL OPERATIONAL PROCEDURES All Clearing Members and Qualified Floor Traders that carried an options position as of the close of business day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring option contracts will be required to have a knowledgeable, duly authorized representative present at the their normal work station promptly at 3:15 PM EST until released by the Exchange staff as specified below. All adjustments and/or corrections, must be accompanied by relevant supporting documentation prior to being incorporated into expiration processing, in essence making the expiration processing an extension of the afternoon trade resolution procedures. CME Group NY Division Clearing (212-299-2120), Floor Trade Processing (212-299-2465 and 212-299-2044) personnel, as well as a representative of the Floor Committee will be available to assist with the processing of notices of Exercise and Abandonment, transfers, trade corrections and other questions or problems you may have. For the full text of this advisory, please click here.

Morning Natural Gas Market Report

April natural gas prices began the week with a lower open Sunday. The market might have come under added pressure following data from the National Weather Service that estimated US heat-related demand for natural gas to run about 18% below normal in the coming week....

NG Drifting lower as milder weather starts to emerge

Nat Gas futures have been trading in negative territory throughout the trading session today. However, prices are still above where they were prior to the sudden surge higher after last week's marginally greater than expected withdrawal from inventory....

Morning Natural Gas Market Report

March natural gas prices were sharply higher during the early morning hours and have broken out to their best level since January 30....

NG Short Coverng Rally is Continuing

The Nat Gas short covering rally is continuing for another day resulting in Nat Gas futures ending the week with solid gains. As I said yesterday the market sentiment is slowly changing suggesting that at least for the short term the market may be putting in a bottom....