Natural Gas Sep '20 (NGU20)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Thursday closed down -0.108 (-3.97%).
Nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower. Â Growing US nat-gas storage levels knocked prices lower on Thursday after weekly EIA nat-gas inventories rose +103 bcf, above expectations of +97 bcf and well-above the five-year average for this time of year of +64 bcf. Â
The outlook for warmer US weather will reduce nat-gas heating demand and is bearish for prices. Â The Commodity Weather Group said Wednesday that above-average temperatures are expected across the eastern half of the US through April 27. Â
Last Tuesday, nat-gas prices sank to a 17-month low due to above-normal spring temperatures that have reduced US nat-gas heating demand and expanded storage levels, with nat-gas inventories 5.8% above their 5-year seasonal average as of April 10. Â
Projections for higher US nat-gas production are negative for prices. Â On April 7, the EIA raised its forecast fo... Read more
Barchart · Thu Apr 23, 2:20PM CDT
June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%). Crude oil and gasoline prices...
Barchart · Thu Apr 23, 2:18PM CDT
May Nymex natural gas (NGK26 ) on Thursday closed down -0.108 (-3.97%). Nat-gas prices tumbled to a 1-week low on Thursday and settled sharply lower. ...
Barchart · Thu Apr 23, 12:11PM CDT
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Barchart · Thu Apr 23, 10:30AM CDT
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Barchart · Wed Apr 22, 2:19PM CDT
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Barchart · 3 minutes ago
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Barchart · 6 minutes ago
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Barchart · 6 minutes ago
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