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Natural Gas Jul '24 (NGN24)

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Natural Gas Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Natural Gas prices and Natural Gas futures quotes for all active contracts below.
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Natural Gas Futures Market News and Commentary

Nat-Gas Prices Pressured From Elevated US Supplies

July Nymex natural gas (NGN24) on Monday closed down by -0.093 (-3.23%).  

July nat-gas prices Monday dropped to a 1-week low on the outlook for US gas supplies to remain elevated.  As of June 7, nat-gas inventories were +23.9% above their 5-year seasonal average, signaling ample nat-gas supplies.  

Nat-gas prices were also under pressure on expectations for cooler US temperatures to emerge toward the end of this week, which will curb air-conditioning usage.  The National Weather Service said that current hot US temperatures will begin to moderate from June 21-25.  

The outlook for hot summer temperatures in the US is a bullish factor for nat-gas prices.  Last Tuesday, the National Weather Service (NWS) said that "the vast majority of the lower 48 US states could see above-average temperatures for the next three months, and for a good portion of states, a hotter-than-normal summer is the most likely scenario."

Lower-48 state dry gas production Monday was 100.... Read more

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