Natural Gas Jul '18 (NGN18)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Tuesday closed up +0.008 (+0.30%).
Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude oil prices, driven by the continued closure of the Strait of Hormuz, sparked short-covering in nat-gas futures. Â
Nat-gas prices initially moved lower on Tuesday as warmer US weather forecasts signal reduced nat-gas heating demand. Â The Commodity Weather Group said Tuesday that forecasts shifted warmer, with above-average temperatures expected across the US Midwest through April 25. Â
Last Tuesday, nat-gas prices sank to a 17-month low due to above-normal spring temperatures that have reduced US nat-gas heating demand and expanded storage levels, with nat-gas inventories 5.8% above their 5-year seasonal average as of April 10. Â
Projections for higher US nat-gas production are negative for prices. Â On April 7, the EIA raised its forecast for 2026 US dry nat-gas production to 109.59 bcf/day from a March estimate... Read more
Barchart · Tue Apr 21, 2:19PM CDT
May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices...
Barchart · Tue Apr 21, 2:17PM CDT
May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude...
Barchart · Tue Apr 21, 2:00PM CDT
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Barchart · Tue Apr 21, 10:38AM CDT
May WTI crude oil (CLK26 ) today is up +3.56 (+3.97%), and May RBOB gasoline (RBK26 ) is up +0.0682 (+2.19%). Crude oil and gasoline prices recovered...
Barchart · Tue Apr 21, 7:14AM CDT
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