Natural Gas Sep '23 (NGU23)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Thursday rose +0.122 (+3.80%).
Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected increase in weekly nat-gas storage. The EIA reported nat-gas inventories rose by +95 bcf in the week ended May 29, below expectations of +99 bcf and the five-year average for the week of +101 bcf.
Gains in nat-gas prices accelerated on Thursday amid forecasts of hotter US weather, potentially boosting nat-gas demand from electricity providers to meet the expected increase in air-conditioning use. The Commodity Weather Group on Thursday said that US weather forecasts shifted hotter, with above-average temperatures expected across the Midwest and Northeast through June 13.
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive of nat-gas prices, as the closure has curbed Middle Eastern nat-gas exports, potentially boosting US nat-gas exports to offset the shortfall.
US (lower-48) d... Read more
Barchart · 1 hour ago
July WTI crude oil (CLN26 ) on Thursday closed down -2.98 (-3.10%), and July RBOB gasoline (RBN26 ) closed down -0.0933 (-2.98%). Crude oil prices settled...
Barchart · 1 hour ago
July Nymex natural gas (NGN26 ) on Thursday rose +0.122 (+3.80%). Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected increase in...
Barchart · Thu Jun 4, 10:30AM CDT
July WTI crude oil (CLN26 ) today is down -3.25 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.1117 (-3.57%). Crude oil prices are falling sharply...
Barchart · Thu Jun 4, 7:48AM CDT
Occidental Petroleum has outperformed the S&P 500 over the past year, and analysts are moderately optimistic about the stock’s prospects.
Barchart · Thu Jun 4, 5:05AM CDT
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · Wed Jun 3, 2:15PM CDT
July WTI crude oil (CLN26 ) on Wednesday closed up +2.26 (+2.41%), and July RBOB gasoline (RBN26 ) closed down -0.0127 (-0.40%). Crude oil prices rallied...
Barchart · 8 minutes ago
The "Big Short" investor has questioned the company's bullish momentum.
Barchart · 11 minutes ago
Aon has considerably underperformed the Nasdaq recently, yet analysts remain moderately optimistic about the stock’s prospects.
Barchart · 18 minutes ago
Broadcom shares sank and dragged the entire chip sector with them as the company missed on Q2 revenue and left AI guidance unchanged. Jefferies recommends...
Barchart · 33 minutes ago
Susquehanna’s bullish outlook on Sandisk reflects confidence that AI-driven storage demand and favorable memory-market dynamics could support further...
Barchart · 41 minutes ago
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index...
Barchart · 45 minutes ago
Snowflake delivered a blockbuster quarter, and SNOW stock is rallying higher. Here's why this data cloud giant is becoming one of the most compelling AI...
Barchart · 45 minutes ago
Rocket Lab’s incredible rally has made it a space stock favorite, but SpaceX’s blockbuster IPO could steal the spotlight.
Barchart · 46 minutes ago
UnitedHealth stock rallies as Bank of America upgrades it to “Buy.” Here’s why analyst Kevin Fischbeck believes UNH shares could rip higher from...
