Natural Gas Sep '26 (NGU26)
Natural Gas Futures Market News and Commentary
September Nymex natural gas (NGU26) closed up +0.132 (+4.96%) on Monday.
Nat-gas prices settled sharply higher on Monday on the outlook for much hotter US weather, potentially boosting nat-gas demand from electricity providers to power an expected increase in air conditioning use. The Commodity Weather Group said on Monday that forecasts shifted to show much hotter weather in the coming weeks, particularly in the central and southern US.
Nat-gas also found carryover support from Monday’s 11% surge in European nat-gas prices to a 2-week high on uncertainty regarding the reopening of the Strait of Hormuz, keeping European nat-gas supplies tight and potentially boosting demand for US nat-gas supplies.
Last Thursday, nat-gas prices tumbled to a 3.5-month nearest-futures low on a larger-than-expected storage build that pushed nat-gas inventories +6.7% above their 5-year seasonal average, a sign of robust supplies.
Nat-gas prices also have some negative carryove... Read more
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