Natural Gas Sep '22 (NGU22)
Natural Gas Futures Market News and Commentary
May Nymex natural gas (NGK26) on Friday closed down -0.091 (-3.48%).
Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Â Growing US nat-gas stockpiles and above-normal US spring temperatures, which will reduce nat-gas heating demand even further and add to already burgeoning inventories, are weighing on prices. Â EIA nat-gas inventories as of April 17 were +7.1% above their 5-year seasonal average, signaling abundant US nat-gas supplies. Â
Projections for higher US nat-gas production are negative for prices. Â On April 7, the EIA raised its forecast for 2026 US dry nat-gas production to 109.59 bcf/day from a March estimate of 109.49 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.
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive for nat-gas as the closure will curb Middle Eastern nat-gas supplies, potentially boo... Read more
Bull Strangle Newsletter · Sat Apr 25, 7:07AM CDT
Grain markets typically build into seasonal highs over the coming months, but this year’s rally has been accelerated by geopolitical disruption. With...
WealthUp · Sat Apr 25, 6:00AM CDT
Americans are getting pinched again with gas back above $4. Here are 12 ways to get cheaper fuel or become a more fuel-efficient driver.
Barchart · Fri Apr 24, 3:50PM CDT
Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.
Barchart · Fri Apr 24, 2:18PM CDT
June WTI crude oil (CLM26 ) on Friday closed down -1.45 (-1.51%), and June RBOB gasoline (RBM26 ) closed down -0.0065 (-0.19%). Crude oil and gasoline...
Barchart · Fri Apr 24, 2:16PM CDT
May Nymex natural gas (NGK26 ) on Friday closed down -0.091 (-3.48%). Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Growing...
Barchart · Fri Apr 24, 1:02PM CDT
Tesla looks profitable now, but its next move may depend on whether AI hardware can justify the spend.
Barchart · 3 minutes ago
It’s not exactly an encouraging time for the auto industry but GM stock may offer something in the tank for options traders.
Barchart · 11 minutes ago
Micron Technology is expected to announce its third-quarter results soon, and analysts are projecting a high triple-digit rise in its EPS.
Barchart · 18 minutes ago
Oil is off peak prices as tensions over the Iran war have subsided. As a result, oil stocks such as Chevron Corp. have dropped. But put option premiums...
Barchart · 33 minutes ago
General Mills is expected to announce its fourth-quarter earnings soon, and Wall Street expects the company’s EPS to increase by double digits.
Barchart · 41 minutes ago
Adobe is prepared to deliver its second-quarter results soon, with analysts predicting a double-digit earnings growth.
Barchart · 48 minutes ago
Cotton prices are up 97 to 105 points across most contracts on Monday. Futures were down 1 to 12 points across most front months on Friday, with May the...
Barchart · 48 minutes ago
Soybeans are trading with 1 to 3 cent gains so far on Monday morning. Futures closed Friday with contracts steady to 4 cents higher, as May settled the...
Barchart · 48 minutes ago
Live cattle futures were $1.22 to $1.77 higher at the Friday close, to limit the weekly loss for April to $1.65. Cash trade last week was centered around...
