Natural Gas Apr '24 (NGJ24)
Natural Gas Futures Market News and Commentary
September Nymex natural gas (NGU26) on Thursday closed down -0.077 (-2.75%).
Nat-gas prices closed lower on Thursday due to a +36 bcf rise in nat-gas inventories in the weekly EIA report, larger than market expectations of +31 bcf.
However, nat-gas prices remained underpinned by warm forecasts, which will boost nat-gas demand from utilities to meet increased air-conditioning demand. Forecasts are for above-average temps across the South and Southeast through August 22, according to Commodity Weather Group. Vaisala is forecasting above-normal temperatures for the West for Aug 22-26.
As a bearish factor, the US Energy Information Administration (EIA) on Tuesday projected that US nat-gas storage levels will swell to 3,985 bcf at the end of October, the highest level in 10 years and 5% above the five-year average. US nat-gas inventories are currently +6.7% above their 5-year seasonal average, a sign of robust supplies.
Nat-gas prices have some negative carr... Read more
Barchart · Thu Aug 13, 2:40PM CDT
September Nymex natural gas (NGU26 ) on Thursday closed down -0.077 (-2.75%). Nat-gas prices closed lower on Thursday due to a +36 bcf rise in nat-gas...
Barchart · Thu Aug 13, 1:51PM CDT
September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%). Crude oil and...
Barchart · Thu Aug 13, 11:05AM CDT
September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%). Crude oil and gasoline prices are...
Blue Line Futures · Thu Aug 13, 8:52AM CDT
Crude fell yesterday as Trump's rhetoric on the Strait of Hormuz swung from bullish to bearish within a single tweet, first claiming the US had total control...
Barchart · Wed Aug 12, 2:38PM CDT
September Nymex natural gas (NGU26 ) on Wednesday closed up +0.037 (+1.34%). Nat-gas prices closed higher on Wednesday as forecasts remain warm. Vaisala...
Barchart · Wed Aug 12, 2:01PM CDT
September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline...
Barchart · 1 hour ago
H&R Block beat fiscal fourth-quarter estimates, raised its fiscal 2027 outlook, and increased its quarterly dividend by nearly 10% to $0.46 per share,...
Barchart · Thu Aug 13, 5:10PM CDT
Cotton futures posted modest losses of 41 to 90 points across most contracts on Thursday. Crude oil was down $2.06 per barrel, with the US dollar index...
Barchart · Thu Aug 13, 5:10PM CDT
Soybeans posted mixed trade on Thursday, with contracts closing anywhere from 3 ½ cents higher to 2 3/4 ents lower across the board. The cmdtyView national...
Barchart · Thu Aug 13, 5:10PM CDT
The wheat complex fell back lower on Thursday, slipping into the close. Chicago SRW contracts were steady to 2 ¼ cents in the red. KC HRW futures saw...
Barchart · Thu Aug 13, 5:10PM CDT
Live cattle futures closed the Thursday session with contracts down $1.52 to $4.35 across the board. There were no deliveries issued against August futures...
Barchart · Thu Aug 13, 5:10PM CDT
Corn futures fell back from the Wednesday rally on Thursday, with contracts falling 5 to 9 cents at the close. The CmdtyView national average Cash Corn...
Barchart · Thu Aug 13, 5:10PM CDT
Lean hog futures posted losses of 20 cents to $1.70 across most contracts. USDA’s national base hog price was reported at $97.37 on Thursday afternoon,...
Barchart · Thu Aug 13, 4:57PM CDT
What Reddit stock’s addition to the S&P 500 index means for the stock and for RDDT investors.