Natural Gas Jun '22 (NGM22)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Monday closed up +0.011 (+0.39%).
Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled higher. Â Short covering emerged in nat-gas futures on Monday amid forecasts of colder US temperatures, potentially boosting nat-gas heating demand. Â The Commodity Weather Group said Monday that below-average temperatures are expected across the Upper Midwest through April 10.
Nat-gas prices have some medium-term support on the outlook for tighter global LNG supplies. Â On March 19, Qatar reported "extensive damage" at the world's largest natural gas export plant at Ras Laffan Industrial City. Â Qatar said the attacks by Iran damaged 17% of Ras Laffan's LNG export capacity, Â a damage that will take three to five years to repair. Â The Ras Laffan plant accounts for about 20% of global liquefied natural gas supply, and a reduction in its capacity could boost US nat-gas exports. Â Also, the closure of the Strait of Hormuz due... Read more
Barchart Mon Apr 6, 2:21PM CDT
May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices...
Barchart Mon Apr 6, 2:19PM CDT
May Nymex natural gas (NGK26 ) on Monday closed up +0.011 (+0.39%). Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled...
Barchart Mon Apr 6, 12:33PM CDT
Exxon Mobil’s rally is riding a war premium built on Middle East supply risk and a tanker‑insurance backstop, but underneath that trade investors still...
Barchart Mon Apr 6, 10:42AM CDT
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving...
Barchart Mon Apr 6, 10:11AM CDT
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Blue Line Futures Mon Apr 6, 8:41AM CDT
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with...
Barchart 5 minutes ago
After Trump said that the U.S. plans to strike Iran "extremely hard" over the next 2-3 weeks, tech stocks like Nvidia sold off significantly. What is the...
Barchart 19 minutes ago
Oil is now at a new high of $113.24 ahead of Trump's Tuesday evening Iran deal ultimatum. Chevron stock is higher, pushing up CVX put and call option premiums....
Barchart 24 minutes ago
Arch Capital will release its first-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.
Barchart 28 minutes ago
Crown Castle will release its first-quarter earnings soon, and analysts anticipate a low double-digit FFO dip.
Barchart 32 minutes ago
Ecolab will release its first-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.
Barchart 35 minutes ago
Pentair will release its first-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
Barchart 38 minutes ago
Microsoft is prepared to release its third-quarter results soon, with analysts predicting a double-digit earnings growth.
Barchart 39 minutes ago
GE Aerospace will release its first-quarter earnings later this month, and analysts anticipate a high single-digit bottom-line growth.
