Natural Gas Futures Market News and Commentary
Apr Nymex natural gas (NGJ20) on Friday closed down -0.003 (-0.18%).
Nat-gas prices on Friday settled slightly lower on continued concern about reduced nat-gas demand caused by the coronavirus pandemic and related shutdowns. Losses were limited by hopes that the massive stimulus and rescue measures put in place by the world's governments and central banks will ease the economic downturn caused by the coronavirus. The U.S. House of Representatives on Friday passed a $2 trillion rescue package, and sent it to President Trump for his signature.
Nat-gas prices earlier this week on Monday plunged to a 24-1/2 year low on concern about sharply reduced demand for natural gas with the partial shutdown of the global economy on the coronavirus pandemic. Nat-gas demand for heating-cooling and electricity will continue to fall as more U.S. schools, restaurants and other businesses close or curtail hours due to the pandemic.
Warmer-than-normal temperatures are also negative f... Read more