Natural Gas May '21 (NGK21)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK21) on Wednesday closed down -0.001 (-0.04%).
May nat-gas prices on Wednesday initially climbed to a 2-week high but gave up their advance and settled little changed. Nat-gas prices found support on the outlook for below-normal temperatures to move across the U.S., thus boosting heating demand for nat-gas. The Commodity Weather Group on Wednesday said that below-normal temperatures are expected in the U.S. mid-continent through April 23. However, nat-gas prices gave their gains after Maxar said that the West Coast would see above-normal temperatures April 19-23, and the Southwest will see above-normal temperatures from April 24-28.
Strong foreign demand for U.S. nat-gas supplies is bullish for prices. Gas flows to U.S LNG export terminals on Wednesday rose +34% y/y to 11.4 bcf. On March 20, gas flows to U.S LNG export terminals climbed to a record 11.92 bcf (data from 2014) according to BNEF.
Weak domestic nat-gas... Read more
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- Natural Gas Prices Fall Back From a 2-Week High and Settle Little Changed on a Mixed Weather Outlook
May Nymex natural gas (NGK21 ) on Wednesday closed down -0.001 (-0.04%). May nat-gas prices on Wednesday initially climbed to a 2-week high but gave up...
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May WTI crude oil (CLK21 ) on Wednesday closed up +2.97 (+4.94%), and May RBOB gasoline (RBK21 ) closed up +5.98 (+3.03%). Crude oil and gasoline prices...
- Natural Gas Prices Rise to a 2-Week High on the Outlook for Below-Normal U.S. Temps
May Nymex natural gas (NGK21) this morning are up +0.011 (+0.42%). May nat-gas prices this morning extended this week's gains and posted a 2-week high....
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May WTI crude oil (CLK21 ) this morning is up +2.50 (+4.15%), and May RBOB gasoline (RBK21 ) is up +5.41 (+2.74%). Crude oil and gasoline prices this morning...