Natural Gas Jul '21 (NGN21)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Monday closed up +0.049 (+1.53%).
Nat-gas prices settled higher on Monday amid speculation that the recent heatwave that engulfed over two-thirds of the US sparked heavy demand for nat-gas from electricity providers to power the surge in air-conditioning usage, which also drew down domestic nat-gas storage levels. According to BNEF data, last Wednesday’s and Thursday’s domestic nat-gas demand jumped to a 3-month high.
The upside in nat-gas prices appears limited in the near term amid prospects of reduced air-conditioning demand due to forecasts of cooler US weather. The Commodity Weather Group on Monday said forecasts shifted to show cooler weather in the eastern half of the US through July 15.
US (lower-48) dry gas production on Monday was 109.8 bcf/day (+1.8% y/y), according to BNEF. Lower-48 state gas demand on Monday was 76.9 bcf/day (+6.3% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Mon... Read more
Barchart · Mon Jul 6, 2:15PM CDT
August WTI crude oil (CLQ26 ) on Monday closed down -0.14 (-0.20%), and August RBOB gasoline (RBQ26 ) closed up +0.0860 (+2.95%). Crude oil and gasoline...
Barchart · Mon Jul 6, 2:13PM CDT
August Nymex natural gas (NGQ26 ) on Monday closed up +0.049 (+1.53%). Nat-gas prices settled higher on Monday amid speculation that the recent heatwave...
Barchart · Mon Jul 6, 10:57AM CDT
August WTI crude oil (CLQ26 ) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26 ) is up +0.1010 (+3.46%). Crude oil and gasoline prices erased...
Barchart · Mon Jul 6, 9:21AM CDT
Although the reopening of the Strait of Hormuz presents a tough headwind for Halliburton, there may be a unique case for buying HAL stock.
Blue Line Futures · Mon Jul 6, 8:07AM CDT
***Abbreviated reports until Wednesday July 8th - Wednesday report scheduled for late afternoon - other reports to follow the regular schedule. Update:...
Barchart · Mon Jul 6, 6:30AM CDT
What sparked the wildfire across the commodity complex Sunday night through early Monday morning? Let's ask Barchart's AI analyst, CARL.
Barchart · 1 hour ago
VICI Properties is scheduled to report its second-quarter results later this month, and analysts expect a single-digit earnings rise.
Barchart · Mon Jul 6, 6:30PM CDT
These three dividend stalwarts have rewarded shareholders with decades of steadily rising income.
Barchart · Mon Jul 6, 5:17PM CDT
Lean hog futures were mixed on Monday, with contracts down 50 cents to 90 cents higher at the close. USDA’s national base hog price was not reported...
Barchart · Mon Jul 6, 5:17PM CDT
Live cattle futures were mixed, with August down 12 cents and the rest of the board up 12 to 55 cents. Cash was picked up last week at $403 dressed in...
Barchart · Mon Jul 6, 5:17PM CDT
The wheat complex posted Monday gains, despite a weaker export data. Spillover support from the corn and beans was supportive. Chicago SRW contracts were...
Barchart · Mon Jul 6, 5:17PM CDT
Cotton futures posted 112 to 138 point gains on Monday in the front months, with deferreds up 48 to 99 points. The outside markets were quiet, as Crude...
Barchart · Mon Jul 6, 5:17PM CDT
Soybeans posted gains of 35 to 50 ½ cents across the front months on Monday, with defereds up 23 to 32 cents. The cmdtyView national average Cash Bean...
Barchart · Mon Jul 6, 5:17PM CDT
Corn futures closed the Monday session holding onto the rally and closing near the highs, up 14 ½ to 16 ¼ cents across the front months and 8 to 10 ½...