Natural Gas Jul '24 (NGN24)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Thursday closed down -0.066 (-2.26%).
Nat-gas prices fell to a 2-month low on Tuesday and settled sharply lower after weekly nat-gas inventories rose more than expected. The EIA reported that nat-gas inventories increased by +41 bcf in the week ended July 10, above expectations of +39 bcf.Â
Nat-gas prices recovered from their worst level on Thursday amid an outlook for hot US weather, boosting nat-gas demand from electricity suppliers to power air-conditioning. The Commodity Weather Group on Thursday said forecasts shifted hotter, with above-average temperatures expected across the Upper Midwest through July 20.
A bearish factor for nat-gas prices in the medium term is speculation that a powerful El Niño weather system will bring warmer-than-normal temperatures to the Northern Hemisphere this fall and winter, reducing nat-gas heating demand.Â
US (lower-48) dry gas production on Thursday was 112.0 bcf/day (+3.6% y/y), acco... Read more
Blue Line Futures · 6 minutes ago
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Barchart · Fri Jul 17, 3:12AM CDT
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Barchart · Thu Jul 16, 2:15PM CDT
August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline...
Barchart · Thu Jul 16, 2:14PM CDT
August Nymex natural gas (NGQ26 ) on Thursday closed down -0.066 (-2.26%). Nat-gas prices fell to a 2-month low on Tuesday and settled sharply lower after...
Barchart · Thu Jul 16, 10:35AM CDT
August WTI crude oil (CLQ26 ) today is down -0.24 (-0.30%), and August RBOB gasoline (RBQ26 ) is down -0.0088 (-0.27%). Crude oil and gasoline prices are...
Blue Line Futures · Thu Jul 16, 9:15AM CDT
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Barchart · 5 minutes ago
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