Natural Gas Jan '24 (NGF24)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Monday closed up +0.011 (+0.39%).
Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled higher. Â Short covering emerged in nat-gas futures on Monday amid forecasts of colder US temperatures, potentially boosting nat-gas heating demand. Â The Commodity Weather Group said Monday that below-average temperatures are expected across the Upper Midwest through April 10.
Nat-gas prices have some medium-term support on the outlook for tighter global LNG supplies. Â On March 19, Qatar reported "extensive damage" at the world's largest natural gas export plant at Ras Laffan Industrial City. Â Qatar said the attacks by Iran damaged 17% of Ras Laffan's LNG export capacity, Â a damage that will take three to five years to repair. Â The Ras Laffan plant accounts for about 20% of global liquefied natural gas supply, and a reduction in its capacity could boost US nat-gas exports. Â Also, the closure of the Strait of Hormuz due... Read more
Barchart Mon Apr 6, 2:21PM CDT
May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices...
Barchart Mon Apr 6, 2:19PM CDT
May Nymex natural gas (NGK26 ) on Monday closed up +0.011 (+0.39%). Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled...
Barchart Mon Apr 6, 12:33PM CDT
Exxon Mobil’s rally is riding a war premium built on Middle East supply risk and a tanker‑insurance backstop, but underneath that trade investors still...
Barchart Mon Apr 6, 10:42AM CDT
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving...
Barchart Mon Apr 6, 10:11AM CDT
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Blue Line Futures Mon Apr 6, 8:41AM CDT
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with...
Barchart 1 minute ago
The real risk isn’t buying the wrong business; it’s missing when the right one starts to drift.
Barchart 52 minutes ago
The wheat complex was mostly lower on Monday across the three markets. Chicago SRW futures were mixed, with front months down 1 to 3 cents and back months...
Barchart 52 minutes ago
Cotton futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at...
Barchart 52 minutes ago
Corn futures got a pop coming out of the Easter holiday weekend, with contracts closing 1 ¾ to 2 ½ cents in the green. The CmdtyView national average...
Barchart 52 minutes ago
Lean hog futures saw gains of as little as 12 cents to $3.22 across the board on Monday. USDA’s national base hog price was not reported on Monday afternoon...
Barchart 52 minutes ago
Live cattle futures posted gains of 40 to 90 cents on Monday, with front month April up $1.825. There were no deliveries issued for April on First Notice...
Barchart 52 minutes ago
Soybeans posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. The cmdtyView national average Cash Bean price was up...
Barchart 1 hour ago
NVR is scheduled to announce its fiscal first-quarter earnings soon, and analysts project a double-digit earnings drop.
