Natural Gas Oct '19 (NGV19)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Monday closed +0.027 (+0.87%).
Nat-gas prices on Monday recovered from a 2.5-week low and settled higher. Short covering emerged on Monday amid signs of a rebound in US nat-gas exports, signaling strong foreign demand that could shrink domestic supplies. Nat gas flows to LNG export terminals on Monay jumped by +13.2% w/w to a six-week high of 19.3 bcf/day as seasonal maintenance ends and exports resume. Â
An excessively short position by hedge funds could exacerbate any short-covering rally in nat-gas futures. Last Friday’s weekly Commitment of Traders (COT) report showed funds boosted their short natural gas future position by 10,726 in the week ended June 9 to 34,059 net-short positions, the most in more than two years.
Nat-gas prices on Monday initially moved lower on forecasts of cooler US weather, which could reduce nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group on Monday s... Read more
Barchart · Mon Jun 15, 2:14PM CDT
July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline...
Barchart · Mon Jun 15, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Monday closed +0.027 (+0.87%). Nat-gas prices on Monday recovered from a 2.5-week low and settled higher. Short covering...
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