Natural Gas Nov '24 (NGX24)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday closed down -0.094 (-2.90%).
Nat-gas prices fell from a 1.5-week high on Wednesday and settled lower on concerns that a tropical cyclone along the US Gulf coast could disrupt LNG export shipments and boost domestic nat-gas supplies. Tropical storm Arthur, the first named storm of the year, is expected to batter the US Gulf Coast over the next few days, disrupting nat-gas export terminals. Â
Expectations of a larger-than-average build in weekly storage are also pressuring nat-gas prices. Thursday’s weekly EIA nat-has inventories are expected to climb by +80 bcf in the week ended June 12, above the five-year average for this time of year of +73 bcf. In addition, cooler US weather forecasts are bearish for prices as they may dampen nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group on Wednesday said forecasts shifted cooler, with below-average temperatures expected across the Midwe... Read more
Barchart · Wed Jun 17, 2:14PM CDT
July WTI crude oil (CLN26 ) on Wednesday closed up +0.74 (+0.97%), and July RBOB gasoline (RBN26 ) closed up +0.0291 (+1.01%). Crude oil and gasoline prices...
Barchart · Wed Jun 17, 2:13PM CDT
July Nymex natural gas (NGN26 ) on Wednesday closed down -0.094 (-2.90%). Nat-gas prices fell from a 1.5-week high on Wednesday and settled lower on concerns...
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