Natural Gas Feb '23 (NGG23)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Friday fell -0.107 (-3.21%).
Nat-gas prices retreated on Friday amid abundant US stockpiles and reduced flows to export terminals, which will further boost US domestic supplies. As of May 29, nat-gas inventories were +5.7% above their 5-year seasonal average, signaling adequate nat-gas supplies. Also, net flows to US LNG export terminals on Friday were just above 17.0 bcf/day, near the lowest level in more than two weeks, which will boost domestic supplies further as seasonal maintenance continues to limit exports.
Forecasts for hot US weather are supportive of nat-gas prices, as warmer weather could boost nat-gas demand from electricity providers to meet the expected increase in air-conditioning use. The Commodity Weather Group on Friday said that US weather forecasts shifted hotter, with above-average temperatures expected across the Midwest and Northeast through June 14.Â
The outlook for the Strait of Hormuz to remain closed... Read more
Barchart · 1 hour ago
Dominion Energy has underperformed the Dow over the past year, and analysts are cautious about the stock’s prospects.
Bull Strangle Newsletter · Sat Jun 6, 10:55AM CDT
Most traders focus on price charts. Spread traders should focus on forward curves. The shape of the forward curve reveals how the market values time, provides...
Barchart · Sat Jun 6, 9:00AM CDT
Americans across multiple states are being urged to conserve water as drought conditions intensify, reservoirs shrink, and utilities issue increasingly...
Barchart · Fri Jun 5, 2:14PM CDT
July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled...
Barchart · Fri Jun 5, 2:12PM CDT
July Nymex natural gas (NGN26 ) on Friday fell -0.107 (-3.21%). Nat-gas prices retreated on Friday amid abundant US stockpiles and reduced flows to export...
Barchart · Fri Jun 5, 10:35AM CDT
July WTI crude oil (CLN26 ) today is down -1.86 (-2.00%), and July RBOB gasoline (RBN26 ) is up +0.0202 (+0.66%). Crude oil prices are under pressure today,...
Barchart · 11 minutes ago
Oracle’s June 10 earnings report could become a defining moment as investors look for proof that the stock will sustain its momentum.
Barchart · 21 minutes ago
While Broadcom's post-earnings selloff has dominated the headlines, its forecast for over 200% AI chip revenue growth may be the bigger story investors...
Barchart · 27 minutes ago
September Australian dollar futures present a selling opportunity on more price weakness.
Barchart · 41 minutes ago
The dollar index (DXY00 ) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks...
Barchart · 42 minutes ago
Datadog's June 9 DASH conference could offer investors fresh insight into the company's next wave of growth.
Barchart · 43 minutes ago
As Vertiv has outpaced the S&P 500 Index over the past year, analysts are bullish about the stock’s prospects.
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 1 hour ago
Cencora has underperformed the Nasdaq over the past year, but analysts are highly optimistic about the stock’s prospects.
