Natural Gas Nov '22 (NGX22)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday rose +0.047 (+1.48%).
Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the five-year average for the week of +101 bcf.
Forecasts of hotter US weather are also supporting nat-gas prices, as warmer temperatures could boost nat-gas demand from electricity providers to meet the expected increase in air-conditioning use. The Commodity Weather Group said Wednesday that US weather forecasts shifted hotter, with above-average temperatures expected across the Mid-Atlantic, Midwest, and Interior West through June 12.Â
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. Read more
Barchart · 1 hour ago
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 · Wed Jun 3, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in...
Barchart · Wed Jun 3, 10:40AM CDT
July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher...
Barchart · 45 minutes ago
July NY world sugar #11 (SBN26 ) today is down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.11%). Sugar prices recovered...
Barchart · 1 hour ago
July ICE NY cocoa (CCN26 ) today is down -129 (-3.17%), and July ICE London cocoa #7 (CAN26 ) is down -83 (-2.69%). Chocolate demand concerns are weighing...
Barchart · 1 hour ago
ASML Holdings (ASML) is a global leader in advanced semiconductor manufacturing systems, recently reaching an all-time high of $1,743.27. ASML demonstrates...
Barchart · 1 hour ago
Broadcom reported a double beat in its latest quarterly results.
Barchart · 1 hour ago
Caterpillar stock rallies as Trump cuts Section 232 tariffs on its core products. But is there any further upside left in CAT shares?
Barchart · 1 hour ago
July arabica coffee (KCN26 ) today is down -4.90 (-1.94%), and July ICE robusta coffee (RMN26 ) is down -9 (-0.27%). Coffee prices added to this week’s...
Barchart · 1 hour ago
Investors punished Broadcom after management didn’t raise its long-term AI revenue forecast. But the company's AI business continues to grow at an extraordinary...
Barchart · 1 hour ago
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...
