Natural Gas Aug '20 (NGQ20)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Wednesday closed up +0.021 (+0.74%).
Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather, which could spark nat-gas demand from electricity providers to power increased air-conditioning use. Â The Commodity Weather Group said Wednesday that forecasts shifted warmer, with above-average temperatures expected across the Midwest and Southwest through May 17.
Projections for higher US nat-gas production are negative for prices. Â On Tuesday, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 bcf/day. Â US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high in late February.
On April 17, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. Â EIA nat-gas inventories as of April 24 were +7.7% above their 5-year seasonal average, signaling abundant US nat-gas supplies.... Read more
Barchart · 58 minutes ago
FirstEnergy has underperformed the broader market over the past year, but analysts cautiously optimistic about the stock’s prospects.
Barchart · 1 hour ago
Alliant Energy has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Blue Line Futures · 1 hour ago
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 659)
Barchart · Wed May 13, 2:20PM CDT
June WTI crude oil (CLM26 ) ton Wednesday closed down -1.16 (-1.14%), and June RBOB gasoline (RBM26 ) closed down -0.0790 (-2.14%). Crude oil and gasoline...
Barchart · Wed May 13, 2:18PM CDT
June Nymex natural gas (NGM26 ) on Wednesday closed up +0.021 (+0.74%). Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather,...
Barchart · Wed May 13, 1:44PM CDT
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Barchart · 54 minutes ago
Fortinet and Cloudflare could be the major beneficiaries of increased spending once Q-day arrives.
Barchart · 55 minutes ago
FirstEnergy has underperformed the broader market over the past year, but analysts cautiously optimistic about the stock’s prospects.
Barchart · 58 minutes ago
Alliant Energy has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Barchart · 1 hour ago
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Progressive Corporation has notably underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects....
Barchart · 1 hour ago
Union Pacific has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Barchart · 1 hour ago
Calendar spreads are a versatile options strategy that allows traders to capitalize on time decay and changes in implied volatility.
Barchart · 1 hour ago
Caterpillar has rallied the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.
