Natural Gas Oct '19 (NGV19)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN21) on Thursday closed up +0.085 (+2.55%).
July nat-gas prices on Thursday extended this week's rally up to a 2-1/3 year nearest-futures high. Fund buying on Thursday propelled nat-gas prices higher on a smaller-than-expected build in weekly EIA nat-gas supplies and forecasts for record high temperatures in the U.S. West. The U.S. Weather Prediction Center on Wednesday forecast a heatwave with record-high temperatures for the Pacific Northwest and California starting June 26, which should boost nat-gas demand from electric providers to power air-conditioning. The Weather Company on Tuesday said that warmer temperatures are expected in the Northwest and Northeast from June 27-July 1, and above-average temperatures are expected for the Northwest from July 2-6.
Increased foreign demand for U.S. nat-gas supplies is bullish for prices. Gas flows to U.S LNG export terminals on Thursday were 11 bcf, up +13% w/w. On Apr 18, gas flows to U.S LNG ex... Read more
- Natural Gas Prices Settle at 2-1/3 Year High on Smaller EIA Nat-Gas Supplies and Record Heat in the U.S. West
July Nymex natural gas (NGN21 ) on Thursday closed up +0.085 (+2.55%). July nat-gas prices on Thursday extended this week's rally up to a 2-1/3 year nearest-futures...
- Crude Prices Shake Off Early Losses and Close Higher on Energy Demand Optimism
August WTI crude oil (CLQ21 ) on Thursday closed up +0.22 (+0.30%), and August RBOB gasoline (RBQ21 ) closed up +1.01 (+0.44%). Aug crude oil and gasoline...
- Is ESG The Next “Decade Trade” Investors Are Overlooking Right Now?
Plenty of industries boast big potential but far more fall short of delivering for investors on a long-term timeframe. With the rise of younger investors...
- Stocks Love the Back and Forth with the Fed
S&P 500 declined, but the risk-off move looks exaggerated, of base building before another upswing flavor – just as I wrote in yesterday‘s summary....
- Record Highs and Infrastructure - Midday Market Minute
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- Natural Gas Prices Surge to a 2-1/3 Year High on Smaller EIA Nat-Gas Supplies and Record Heat in the U.S. West
July Nymex natural gas (NGN21 ) this morning is up +0.049 (+1.47%). July nat-gas prices this morning extended this week's rally up to a 2-1/3 year nearest-futures...