Natural Gas Jun '34 (NGM34)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Wednesday closed up +0.025 (+0.93%).
Nat-gas prices climbed to a 2-week high on Wednesday and settled higher. Â The outlook for the Strait of Hormuz to remain closed for the foreseeable future will curb Middle Eastern nat-gas supplies, potentially boosting US nat-gas exports to make up for the shortfall. Â
Gains in nat-gas prices were limited on Wednesday due to the outlook for warmer US weather, which is expected to reduce nat-gas heating demand. Â The Commodity Weather Group said Wednesday that above-average temperatures are expected across the eastern half of the US through April 26. Â Also, an expected larger-than-normal build in US nat-gas storage is bearish for prices. Â The consensus is that Thursday's weekly EIA nat-gas inventories rose by +97 bcf in the week ended April 17, well above the five-year average for the week of +64 bcf. Â
Last Tuesday, nat-gas prices sank to a 17-month low due to above-normal spring temperatures that... Read more
Barchart · 1 hour ago
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Barchart · 1 hour ago
May Nymex natural gas (NGK26 ) on Wednesday closed up +0.025 (+0.93%). Nat-gas prices climbed to a 2-week high on Wednesday and settled higher. The outlook...
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June WTI crude oil (CLM26 ) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26 ) closed up +0.1201 (+3.84%). Crude oil and gasoline...
Barchart · 1 hour ago
May Nymex natural gas (NGK26 ) on Wednesday closed up +0.025 (+0.93%). Nat-gas prices climbed to a 2-week high on Wednesday and settled higher. The outlook...
