Natural Gas Jan '24 (NGF24)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Friday closed down -0.091 (-3.48%).
Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Â Growing US nat-gas stockpiles and above-normal US spring temperatures, which will reduce nat-gas heating demand even further and add to already burgeoning inventories, are weighing on prices. Â EIA nat-gas inventories as of April 17 were +7.1% above their 5-year seasonal average, signaling abundant US nat-gas supplies. Â
Projections for higher US nat-gas production are negative for prices. Â On April 7, the EIA raised its forecast for 2026 US dry nat-gas production to 109.59 bcf/day from a March estimate of 109.49 bcf/day. Â US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high in late February.
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive for nat-gas as the closure will curb Middle Eastern nat-gas supplies, potentially boo... Read more
Barchart · 1 hour ago
June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply...
Bull Strangle Newsletter · Sat Apr 25, 7:07AM CDT
Grain markets typically build into seasonal highs over the coming months, but this year’s rally has been accelerated by geopolitical disruption. With...
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Americans are getting pinched again with gas back above $4. Here are 12 ways to get cheaper fuel or become a more fuel-efficient driver.
Barchart · Fri Apr 24, 3:50PM CDT
Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.
Barchart · Fri Apr 24, 2:18PM CDT
June WTI crude oil (CLM26 ) on Friday closed down -1.45 (-1.51%), and June RBOB gasoline (RBM26 ) closed down -0.0065 (-0.19%). Crude oil and gasoline...
Barchart · Fri Apr 24, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Friday closed down -0.091 (-3.48%). Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Growing...
Barchart · 27 minutes ago
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