Natural Gas May '27 (NGK27)
Natural Gas Futures Market News and Commentary
September Nymex natural gas (NGU26) on Wednesday closed up +0.038 (+1.37%).
Nat-gas prices rallied to a 4-week high on Wednesday and settled higher. The shift in US weather forecasts to show intensely hot temperatures covering the US South and West through the end of this month propelled nat-gas prices higher on Wednesday. The Commodity Weather Group said on Wednesday that forecasts shifted to hotter, with above-average temperatures expected across the western and southern US through September 2, potentially boosting nat-gas demand from electricity providers to power increased air conditioning use.
Expectations for a smaller-than-normal build in US nat-gas storage also lifted prices on Wednesday. The consensus is that EIA nat-gas inventories rose by +14 bcf in the week ended August 14, below the five-year average build for the week of +29 bcf.
US (lower-48) dry gas production on Wednesday was 112.0 bcf/day (+2.7% y/y), according to BNEF. Lower-48 state gas dem... Read more
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September Nymex natural gas (NGU26 ) on Wednesday closed up +0.038 (+1.37%). Nat-gas prices rallied to a 4-week high on Wednesday and settled higher. ...
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