Natural Gas Jun '22 (NGM22)
Natural Gas Futures Market News and Commentary
Sep Nymex natural gas (NGU22) on Thursday closed down -0.056 (-0.61%). Nat-gas prices Thursday posted moderate losses. Expectations for normal U.S. temperatures that will reduce nat-gas demand from energy providers to power air conditioning are bearish for prices. The Commodity Weather Group said Thursday that normal temperatures are expected across most of the U.S. from Aug 23-27. Losses in nat-gas prices were limited after Thursday's weekly EIA report showed nat-gas inventories rose only +18 bcf last week, below expectations of a +32 bcf increase.
Nat-gas prices have rallied this week up to a 3-week high Wednesday on carry-over from a surge in European gas prices to a 5-1/4 month high. The surge in European gas prices will keep foreign demand for U.S. gas supplies firm and keep U.S. nat-gas exports running at full tilt, limiting a build of nat-gas storage ahead of the winter season.
Lower-48 dry gas production on Thursday was 97.7 bcf/day, +3.6% y/y, according to... Read more
- Get the Dollar Right, You'll Get a Lot Right
Our daily video.
- We Got Legs?
Actionable ideas and risk management for Crude Oil and more . . .
- Crude Climbs on Signs of Firm U.S. Energy Demand
Sep WTI crude oil (CLU22 ) on Thursday closed up +2.39 (+2.71%), and Sep RBOB gasoline (RBU22 ) closed up +9.16 (+3.12%). Oil prices on Thursday rallied...
- Nat-Gas Prices Fall on Expectations of Cooler U.S. Temps
Sep Nymex natural gas (NGU22 ) on Thursday closed down -0.056 (-0.61%). Nat-gas prices Thursday posted moderate losses. Expectations for normal U.S....
- Crude Rallies as U.S. Energy Demand Concerns Recede
Sep WTI crude oil (CLU22 ) this morning is up +2.04 (+2.32%), and Sep RBOB gasoline (RBU22 ) is up +7.31 (+2.49%). Sep Nymex natural gas (NGU22 ) is down...
- SUN : Should Bounce Before Continue Correcting Lower
Sunoco LP (SUN) together with its subsidiaries, distributes & retails motor fuels in the US. It operates in two segments, Fuel distribution & Marketing...