Natural Gas Jun '23 (NGM23)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Thursday closed down -0.009 (-0.31%), giving back part of Wednesday's rally of +2.09%.
Nat-gas prices fell back as US natural gas inventories rose by more than the 5-year average. Also on the bearish side was concern that Tropical Storm Bertha could disrupt liquefied natural gas (LNG) export facilities on the US Gulf Coast, leading to reduced nat-gas exports and larger domestic supplies.Â
However, nat-gas prices continued to find support from forecasts of hotter weather in the coming weeks, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning use. The Commodity Weather Group on Thursday said weather forecasts shifted hotter, with above-average temperatures expected in the West through Aug 6.
A bearish factor for nat-gas prices in the medium term is speculation that a powerful El Niño weather system will bring warmer-than-normal temperatures to the Northern Hemisphere this fall and w... Read more
Barchart · Thu Jul 23, 2:25PM CDT
August Nymex natural gas (NGQ26 ) on Thursday closed down -0.009 (-0.31%), giving back part of Wednesday's rally of +2.09%. Nat-gas prices fell back as...
Barchart · Thu Jul 23, 1:57PM CDT
September WTI crude oil (CLU26 ) on Thursday closed up +5.36 (+6.17%), and September RBOB gasoline (RBU26 ) closed up +0.0793 (+2.44%). WTI crude oil prices...
Barchart · Thu Jul 23, 10:48AM CDT
September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). WTI crude oil...
Barchart · Thu Jul 23, 10:01AM CDT
Oklo energy joins President Donald Trump's administration to boost nuclear energy development.
Blue Line Futures · Thu Jul 23, 8:14AM CDT
With WTI crude oil back up into the $90 range patient longs that have stuck with our bull call since the mid 70's would be prudent to take some profits...
Barchart · Thu Jul 23, 8:00AM CDT
Fervo Energy was upgraded by Bank of America to a "Buy" rating amid the latest stock pullback.
Barchart · 38 minutes ago
While GOOGL stock could remain volatile as investors digest elevated spending, Alphabet remains well positioned to benefit from the accelerating AI investment...
Barchart · 1 hour ago
Cotton futures posted strength across most months on Thursday, with contracts 10 to 74 points higher, as October slipped 3 points. Crude oil was up another...
Barchart · 1 hour ago
Lean hog futures closed with gains of 30 to 70 cents across most front months, with other contracts down 15 to 12 cents higher. USDA’s national base...
Barchart · 1 hour ago
Soybeans saw some late pressure to pull off the intraday highs, as contracts were up 1 ¼ to 5 vents across most nearby contracts, with some deferreds...
Barchart · 1 hour ago
The wheat complex faced some pressure on Thursday after rallying to fresh multi year highs overnight. Chicago SRW contracts were down 8 ½ to 13 cents...
Barchart · 1 hour ago
Live cattle futures got some bottom pickers to show up on Thursday, with contracts $1.17 to $2.20 higher. Cash trade has picked up mostly to $230 across...
Barchart · 1 hour ago
Corn futures closed the Thursday session with contracts holding onto 2 to 3 cent gains in the front months and deferred 2027 contracts fractionally lower....
Barchart · Thu Jul 23, 3:48PM CDT
Government backing boosted X-Energy's AI nuclear story, while analysts continue to see substantial long-term upside despite execution risks.