Natural Gas Jun '25 (NGM25)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Wednesday closed down -0.044 (-1.64%).
Nat-gas prices settled lower on Wednesday on concerns that US domestic nat-gas storage levels will continue to climb. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +83 bcf, well above the five-year average for this time of year of +63 bcf. US nat-gas stockpiles are already robust, with inventories +7.1% above the five-year average as of April 17, so any above-average increase in weekly supplies will push the surplus even higher.
Losses in nat-gas prices were contained by forecasts of below-normal US temperatures, which could boost nat-gas heating demand. The Commodity Weather Group said Wednesday that below-average temperatures are expected across the eastern two-thirds of the US through May 3.
Last Friday, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. EIA nat-gas inventories as of April 17 were +7.1% above their 5... Read more
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June Nymex natural gas (NGM26 ) on Wednesday closed down -0.044 (-1.64%). Nat-gas prices settled lower on Wednesday on concerns that US domestic nat-gas...
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