Weekly Energy Market Update: December 21, 2015

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How does buying behavior impact NYMEX natural gas futures prices?

In the Weekly Energy Market Update for December 21, 2015, Tim Bigler — Direct Energy Business Energy Advisor — overviews recent price data for NYMEX natural gas futures contracts and discusses how buying behavior by commercial and non-commercial entities might influence the prices. 

Natural Gas NYMEX Futures Contracts

The New York Mercantile Exchange (NYMEX) natural gas futures contract — which delivers at the Henry Hub in Louisiana — is a key benchmark price for natural gas in the United States. 

In general, entities on the exchange are classified as commercial or non-commercial. In recent years, when non-commercial entities were buying future contracts and commercial sector entities were selling contracts, the NYMEX spot price increased. According to recent data from the Commodity Futures Trading Commission (CFTC), the commercial sector is currently net long and the non-commercial sector is net short. 

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Tim Bigler, Senior Market Strategist at Direct Energy Business, is a 30+ year veteran of the U.S. natural gas, electric, and oil market.

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