The Latest Breaking News from Nymex

Nat-Gas Prices Plunge as U.S. Weather Forecasts Turn Warmer

December Nymex natural gas (NGZ23 ) on Monday closed down -0.251 (-7.14%). Nat-gas prices Monday sold off sharply and posted a 2-week low. Warmer than normal U.S. temperatures are reducing heating demand for nat gas and are weighing on prices. Forecaster Maxar Technologies said weather forecasts are trending warmer east...

Barchart · Nov 6, 2023

Energy Update: Down 14% From it's 2023 High, is Now a Good Time to Scoop Up Crude Oil?

Crude oil prices have been highly volatile. Winter is an off-season for crude oil because gasoline demand declines as drivers put less mileage on automobiles. Meanwhile, the geopolitical landscape and the level of the U.S. Strategic Petroleum Reserve remain compelling reasons for a higher low in the oil futures market…

Barchart · Nov 6, 2023

Nat-Gas Prices Rise on Weather Forecasts

December Nymex natural gas (NGZ23 ) on Friday closed up +0.043 (+1.24%). Nat-gas prices Friday rallied on weather forecasts suggesting stronger nat-gas demand. The Commodity Weather Group is looking for warm temperatures in the southeastern and upper parts of central U.S. Nov 8-12, but cooler weather in parts of the...

Barchart · Nov 3, 2023

Nat-Gas Prices Extend Rally on Weather Forecasts

December Nymex natural gas (NGZ23 ) on Friday closed slightly higher by +0.006 (+0.17%), rising for the fifth consecutive session. Nat-gas prices Friday had continued support from Thursday's bullish EIA report and weather forecasts. Atmospheric G2 expects cold air to expand across the eastern two-thirds of the U.S. next week,...

Barchart · Oct 27, 2023

Nat-Gas Prices Extend Rally on Bullish EIA Report and Colder Weather Forecasts

November Nymex natural gas (NGX23 ) on Thursday closed +0.101 (+2.99%), rising for the fourth consecutive session. Nat-gas prices on Thursday rallied on a bullish EIA report and colder-than-normal forecasts for next week. Forecaster Atmospheric G2 said several rounds of polar air will expand across the eastern two-thirds of the...

Barchart · Oct 26, 2023

Nat-Gas Prices Settle Higher on Forecasts for Colder U.S. Temps Next Week

November Nymex natural gas (NGX23 ) on Wednesday closed +0.039 (+1.31%). Nat-gas prices on Wednesday posted moderate gains on expectations for colder-than-normal temperatures to envelope most of the U.S. next week, boosting heating demand for nat-gas. Forecaster Atmospheric G2 said several rounds of polar cold will expand across the eastern...

Barchart · Oct 25, 2023

Nat-Gas Prices Rally as Temps Expected to Cool

November Nymex natural gas (NGX23 ) on Tuesday closed +0.045 (+1.54%). Nat-gas prices on Tuesday closed moderately higher. Nat-gas prices rose on forecasts for cooler U.S. temperatures that would boost heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures are seen for the Midwest and central U.S. from Oct-29-...

Barchart · Oct 24, 2023

Nat-Gas Prices Recover as a Weak Dollar Sparks Short Covering

November Nymex natural gas (NGX23 ) on Monday closed +0.027 (+0.93%). Nat-gas prices on Monday recovered from a 2-1/2 week low and closed moderately higher. A decline in the dollar to a 1-week low Monday sparked short covering in nat-gas futures. Nat-gas prices Monday initially moved lower on the outlook...

Barchart · Oct 23, 2023

Nat-Gas Prices Slump as Favorable U.S. Weather Curbs Nat-Gas Demand

November Nymex natural gas (NGX23 ) on Friday closed -0.058 (-1.96%). Nat-gas prices on Friday declined for the eighth consecutive session, the longest losing streak in four years, and posted a 2-1/2 week low. Negative carryover from Thursday weighed on nat-gas prices after weekly EIA nat-gas inventories rose +97 bcf,...

Barchart · Oct 20, 2023

Nat-Gas Prices Fall as Weekly EIA Inventories Climb Above Expectations

November Nymex natural gas (NGX23 ) on Thursday closed -0.099 (-3.24%). Nat-gas prices on Thursday retreated for the seventh consecutive session and posted a 2-week low. Nat-gas prices tumbled Thursday after weekly EIA nat-gas inventories rose +97 bcf, much higher than expectations of +83 bcf. Nat-gas prices were also undercut...

Barchart · Oct 19, 2023