Natural Gas Jul '23 (NGN23)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday rose +0.047 (+1.48%).
Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the five-year average for the week of +101 bcf.
Forecasts of hotter US weather are also supporting nat-gas prices, as warmer temperatures could boost nat-gas demand from electricity providers to meet the expected increase in air-conditioning use. The Commodity Weather Group said Wednesday that US weather forecasts shifted hotter, with above-average temperatures expected across the Mid-Atlantic, Midwest, and Interior West through June 12.Â
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive of nat-gas prices, as the closure has curbed Middle Eastern nat-gas exports, potentially boosting US nat-gas exports to offset the shortfall. Read more
Barchart · Wed Jun 3, 2:15PM CDT
July WTI crude oil (CLN26 ) on Wednesday closed up +2.26 (+2.41%), and July RBOB gasoline (RBN26 ) closed down -0.0127 (-0.40%). Crude oil prices rallied...
Barchart · Wed Jun 3, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in...
Barchart · Wed Jun 3, 10:40AM CDT
July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher...
Barchart · Tue Jun 2, 2:14PM CDT
July WTI crude oil (CLN26 ) on Tuesday closed up +1.60 (+1.74%), and July RBOB gasoline (RBN26 ) closed up +0.0596 (+1.83%). Crude oil prices settled sharply...
Barchart · Tue Jun 2, 2:12PM CDT
July Nymex natural gas (NGN26 ) on Tuesday fell -0.012 (-0.38%). Nat-gas prices settled lower on Tuesday for a second session, as US LNG export volumes...
Barchart · Tue Jun 2, 10:39AM CDT
July WTI crude oil (CLN26 ) today is down -0.29 (-0.31%), and July RBOB gasoline (RBN26 ) is up +0.0390 (+1.26%). Crude oil prices are under pressure today...
Barchart · 21 minutes ago
The wheat complex continued the downtrend on Wednesday, with losses across the three exchanges. Chicago SRW futures fell 11 to 15 ¾ cents into the Wednesday...
Barchart · 21 minutes ago
Soybeans broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at the close. The cmdtyView national average Cash Bean price was...
Barchart · 21 minutes ago
Cotton futures posted weakness in the front months of 3 to 31 points, with deferred contracts steady to 26 points higher on Wednesday. The US dollar index...
Barchart · 21 minutes ago
Lean hog futures closed the midweek session with contracts up 35 cents to $1.15. USDA’s national base hog price was reported at $94.36 on Wednesday afternoon,...
Barchart · 21 minutes ago
Corn futures continued the recent slide to new lows for the move on Wednesday, down 5 to 9 cents in most contracts. July closed in on the contract low,...
Barchart · 21 minutes ago
Live cattle futures ended the Wednesday session with contracts down $1.05 to $2.42 on the day. Cash trade started this week at $255, creeping up to $256...
Barchart · 1 hour ago
Circle stock sinks on reports of Stripe, Visa, and Mastercard nearing launch of a joint stablecoin platform. But should you buy the dip in CRCL shares...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.21%, and the Nasdaq 100...
