Natural Gas Feb '21 (NGG21)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday rose +0.047 (+1.48%).
Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the five-year average for the week of +101 bcf.
Forecasts of hotter US weather are also supporting nat-gas prices, as warmer temperatures could boost nat-gas demand from electricity providers to meet the expected increase in air-conditioning use. The Commodity Weather Group said Wednesday that US weather forecasts shifted hotter, with above-average temperatures expected across the Mid-Atlantic, Midwest, and Interior West through June 12.Â
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive of nat-gas prices, as the closure has curbed Middle Eastern nat-gas exports, potentially boosting US nat-gas exports to offset the shortfall. Read more
Barchart · 1 hour ago
Occidental Petroleum has outperformed the S&P 500 over the past year, and analysts are moderately optimistic about the stock’s prospects.
Barchart · Thu Jun 4, 5:05AM CDT
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · Wed Jun 3, 2:15PM CDT
July WTI crude oil (CLN26 ) on Wednesday closed up +2.26 (+2.41%), and July RBOB gasoline (RBN26 ) closed down -0.0127 (-0.40%). Crude oil prices rallied...
Barchart · Wed Jun 3, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in...
Barchart · Wed Jun 3, 10:40AM CDT
July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher...
Barchart · Tue Jun 2, 2:14PM CDT
July WTI crude oil (CLN26 ) on Tuesday closed up +1.60 (+1.74%), and July RBOB gasoline (RBN26 ) closed up +0.0596 (+1.83%). Crude oil prices settled sharply...
Barchart · 9 minutes ago
UBER laid off nearly a quarter of its People and Places division. Here’s what these job cuts really mean for UBER shares.
Barchart · 12 minutes ago
HON will own a large stake in Quantinuum following the IPO.
Barchart · 23 minutes ago
Intuitive Machines stock sank yesterday as the company announced a $500 million at-the-market equity offering. Here’s what else is weighed on LUNR shares...
Barchart · 38 minutes ago
Monster Beverage has outperformed its industry peers over the past year, and analysts remain reasonably upbeat about the stock’s prospects.
Barchart · 41 minutes ago
GameStop shares rallied on strong Q1 numbers and $2 billion buyback announcement. Options pricing suggests GME stock will push higher from here as the...
Barchart · 43 minutes ago
Despite trailing the broader Nasdaq Composite over the last 12 months, Edwards Lifesciences continues to earn strong support from analysts.
Barchart · 48 minutes ago
O'Reilly Automotive has underperformed the Consumer Discretionary sector over the past year, but analysts are highly optimistic about the stock’s prospects....
Barchart · 48 minutes ago
While PG&E Corporation has underperformed the S&P 500 Index, analysts remain highly optimistic about the stock’s prospects.
