Natural Gas Mar '13 (NGH13)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Wednesday closed up +0.021 (+0.74%).
Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather, which could spark nat-gas demand from electricity providers to power increased air-conditioning use. Â The Commodity Weather Group said Wednesday that forecasts shifted warmer, with above-average temperatures expected across the Midwest and Southwest through May 17.
Projections for higher US nat-gas production are negative for prices. Â On Tuesday, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 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.
On April 17, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. Â EIA nat-gas inventories as of April 24 were +7.7% above their 5-year seasonal average, signaling abundant US nat-gas supplies.... Read more
Barchart · 1 hour ago
June WTI crude oil (CLM26 ) ton Wednesday closed down -1.16 (-1.14%), and June RBOB gasoline (RBM26 ) closed down -0.0790 (-2.14%). Crude oil and gasoline...
Barchart · 1 hour ago
June Nymex natural gas (NGM26 ) on Wednesday closed up +0.021 (+0.74%). Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather,...
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Barchart · 1 hour ago
June WTI crude oil (CLM26 ) ton Wednesday closed down -1.16 (-1.14%), and June RBOB gasoline (RBM26 ) closed down -0.0790 (-2.14%). Crude oil and gasoline...
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June Nymex natural gas (NGM26 ) on Wednesday closed up +0.021 (+0.74%). Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather,...
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