Natural Gas Nov '21 (NGX21)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Tuesday closed down -0.067 (-2.30%).
Nat-gas prices fell from a 6-week nearest-futures high on Tuesday and settled lower after the EIA raised its US 2026 nat-gas production estimate. Nat-gas prices initially moved up to a 6-week high on Tuesday amid forecasts for hotter US weather, which could potentially spark nat-gas demand from electricity providers to power increased air-conditioning usage. The Commodity Weather Group said Tuesday that forecasts shifted warmer, with above-average temperatures expected across the western half of the US through May 16.
Projections for higher US nat-gas production are negative for prices. On Tuesday, the EIA raised its forecast for 2026 US dry nat-gas production to 110.61 bcf/day from an April estimate of 109.60 bcf/day. 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.
On April 17, nat-gas prices tumbled to a 1.5-year... Read more
Barchart · Tue May 12, 2:38PM CDT
Tuesday's session brought to mind an old saying, “Even the sun shines on a cockroach some days”.
Barchart · Tue May 12, 2:19PM CDT
June WTI crude oil (CLM26 ) on Tuesday closed up +4.11 (+4.19%), and June RBOB gasoline (RBM26 ) closed up +0.0979 (+2.72%). Crude oil and gasoline prices...
Barchart · Tue May 12, 2:17PM CDT
June Nymex natural gas (NGM26 ) on Tuesday closed down -0.067 (-2.30%). Nat-gas prices fell from a 6-week nearest-futures high on Tuesday and settled lower...
Barchart · Tue May 12, 10:34AM CDT
June WTI crude oil (CLM26 ) today is up +3.95 (+4.03%), and June RBOB gasoline (RBM26 ) is up +0.1110 (+3.08%). Crude oil and gasoline prices are moving...
Barchart · Tue May 12, 6:55AM CDT
For those who live and breathe only because the government is benevolent enough to bestow imaginary numbers on them, Tuesday is their day.
Barchart · Mon May 11, 2:19PM CDT
June WTI crude oil (CLM26 ) on Monday closed up +2.65 (+2.78%), and June RBOB gasoline (RBM26 ) closed up +0.0731 (+2.07%). Crude oil and gasoline prices...
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