Natural Gas Jan '24 (NGF24)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Tuesday closed down -0.028 (-1.07%).
Nat-gas prices continued their 5-week selloff on Tuesday, dropping to a 17-month low. Â Forecasts for above-normal temperatures that reduce nat-gas heating demand and expand US gas storage levels are weighing on prices. Â The Commodity Weather Group said that above-average temperatures are expected across the eastern two-thirds of the US through April 17, with seasonally normal weather expected across the US from April 18-27.
Projections for higher US nat-gas production are bearish for prices. Â Last Tuesday, 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.
US (lower-48) dry gas production on Tuesday was 110.8 bcf/day (+2.2% y/y), according to BNEF. Â Lower-48 state gas demand on Tuesday was 67.0 bcf/day... Read more
Barchart · Tue Apr 14, 2:18PM CDT
May WTI crude oil (CLK26 ) on Tuesday closed down -7.80 (-7.87%), and May RBOB gasoline (RBK26 ) closed down -0.0765 (-2.46%). Crude oil and gasoline...
Barchart · Tue Apr 14, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Tuesday closed down -0.028 (-1.07%). Nat-gas prices continued their 5-week selloff on Tuesday, dropping to a 17-month...
Barchart · Tue Apr 14, 11:18AM CDT
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Barchart · Tue Apr 14, 10:33AM CDT
May WTI crude oil (CLK26 ) today is down -5.69 (-5.74%), and May RBOB gasoline (RBK26 ) is down -0.0822 (-2.64%). Crude oil and gasoline prices are sharply...
Barchart · Tue Apr 14, 8:45AM CDT
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