Natural Gas Jun '21 (NGM21)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Monday closed up +0.087 (+3.13%).
Nat-gas prices rallied to a 4-week nearest-futures high on Monday and settled sharply higher. Â Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand. Â Below-average temperatures are expected across much of the US Midwest through May 13, according to the Commodity Weather Group. Â Monday's +4% surge in WTI crude oil prices also provided carry-over support to nat-gas prices.
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive for nat-gas as the closure will curb Middle Eastern nat-gas supplies, potentially boosting US nat-gas exports to make up for the shortfall. Â
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 U... Read more
Best Weather Inc. · Mon May 4, 5:13PM CDT
We've seen this before... better pay attention to history
Barchart · Mon May 4, 2:22PM CDT
June WTI crude oil (CLM26 ) on Monday closed up +4.48 (+4.39%), and June RBOB gasoline (RBM26 ) closed up +0.1430 (+3.98%). Crude oil and gasoline prices...
Barchart · Mon May 4, 10:41AM CDT
June WTI crude oil (CLM26 ) today is up +3.18 (+3.12%), and June RBOB gasoline (RBM26 ) is up +0.1323 (+3.68%). Crude oil and gasoline prices recovered...
Blue Line Futures · Mon May 4, 6:38AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 651)
Bull Strangle Newsletter · Sat May 2, 9:08AM CDT
Markets don’t always follow their seasonal patterns—especially during geopolitical events. This analysis of RBOB gasoline shows how conflicts can temporarily...
Barchart · 23 minutes ago
June S&P 500 E-Mini futures (ESM26) are up +0.41%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.57% this morning, supported by lower oil prices...
Barchart · 43 minutes ago
Copart has underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects.
Barchart · Tue May 5, 3:42AM CDT
Charles Schwab Corporation has underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects....
Barchart · Mon May 4, 10:37PM CDT
As Baxter International has notably underperformed the broader market over the past year, Wall Street analysts maintain a cautious outlook about the stock’s...
Barchart · Mon May 4, 9:35PM CDT
Host Hotels & Resorts has considerably outpaced the broader market over the past year, and Wall Street analysts maintain a moderately optimistic outlook...
Barchart · Mon May 4, 9:26PM CDT
Although NIKE has underperformed relative to the broader market over the past year, Wall Street analysts remain moderately optimistic about the stock’s...
Barchart · Mon May 4, 6:30PM CDT
Caterpillar is increasingly being treated as an AI‑infrastructure play, with data‑center and hyperscale power demand now a visible, incremental growth...
Barchart · Mon May 4, 5:30PM CDT
Live cattle futures settled with $1.25 to $2 losses across most contracts on Monday. Cash trade from last week started at $250-252 across the country and...
