Natural Gas Dec '19 (NGZ19)
Natural Gas Futures Market News and Commentary
September Nymex natural gas (NGU26) closed up +0.034 (+1.24%) on Monday.
Nat-gas prices settled higher on Monday as increased flows to liquefied natural gas export terminals reduced US domestic supplies. Estimated LNG net flows to US LNG export terminals on Monday were 18.0 bcf/day, the most in five days.
Gains in nat-gas prices were limited on Monday amid forecasts for cooler US weather, potentially reducing nat-gas demand from electricity providers to power air conditioning use. The Commodity Weather Group said on Monday that forecasts shifted cooler, with normal seasonal weather expected across the eastern US through August 17.
Nat-gas prices tumbled to a 3.25-month nearest-futures (Q26) low last Wednesday as recent below-normal US temperatures have reduced air-conditioning demand and allowed nat-gas inventories to be rebuilt.
A bearish factor for nat-gas prices in the medium term is speculation that a powerful El Niño weather system will bring warmer-th... Read more
Barchart · Mon Aug 3, 2:14PM CDT
September WTI crude oil (CLU26 ) closed down -4.33 (-5.11%) on Monday, and September RBOB gasoline (RBU26 ) closed down -0.1475 (-4.74%). Crude oil and...
Barchart · Mon Aug 3, 2:13PM CDT
September Nymex natural gas (NGU26 ) closed up +0.034 (+1.24%) on Monday. Nat-gas prices settled higher on Monday as increased flows to liquefied natural...
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