Natural Gas Nov '21 (NGX21)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Monday fell -0.111 (-3.37%).
Nat-gas prices on Monday edged up to a new 2-month high but then fell back and closed sharply lower.
Nat-gas prices fell back amid weather forecasts by Vaisala of cooler weather in the East for June 6-10, although above-normal temperatures are expected in the upper two-thirds of the US for June 11-15.
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.Â
US (lower-48) dry gas production on Monday was 107.5 bcf/day (+0.3% y/y), according to BNEF. Lower-48 state gas demand on Monday was 69.7 bcf/day (+10.0% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 17.8 bcf/day (-3.3% w/w), according to BNEF.
Projections for higher US nat-gas production are negative for prices. ... Read more
Barchart · Mon Jun 1, 2:14PM CDT
July Nymex natural gas (NGN26 ) on Monday fell -0.111 (-3.37%). Nat-gas prices on Monday edged up to a new 2-month high but then fell back and closed sharply...
Barchart · Mon Jun 1, 2:02PM CDT
July WTI crude oil (CLN26 ) on Monday closed up +4.80 (+5.49%), and July RBOB gasoline (RBN26 ) closed up +0.0503 (+1.66%). Crude oil prices on Monday...
Barchart · Mon Jun 1, 11:03AM CDT
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Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 671)
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