The Latest Breaking News from Nymex

Crude Prices Tumble after Goldman Sachs Cuts its Crude Price Forecast Again

July WTI crude oil (CLN23 ) this morning is down -2.25 (-3.21%), and July RBOB gasoline (RBN23 ) is down -9.07 (-3.50%). July Nymex natural gas (NGN23 ) is down -0.021 (-0.93%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 6-week low and...

Barchart · Jun 12, 2023

Nat-Gas Prices Slide on a Cooler U.S. Weather Outlook

July Nymex natural gas (NGN23 ) on Friday closed down -0.098 (-4.17%). July nat-gas prices Friday closed sharply lower as the U.S. weather outlook shifts cooler, reducing nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group said that while Texas will see above-normal temperatures over the next...

Barchart · Jun 9, 2023

Crude Slightly Lower on Energy Demand Concerns in China

July WTI crude oil (CLN23 ) this morning is down -0.08 (-0.11%), and July RBOB gasoline (RBN23 ) is down -0.16 (-0.06%). July Nymex natural gas (NGN23 ) is down -0.063 (-2.68%). Crude oil and gasoline prices today are slightly lower. A stronger dollar today is undercutting energy prices. Also,...

Barchart · Jun 9, 2023

Nat-Gas Posts Modest Gains on Warm U.S. Temps

July Nymex natural gas (NGN23 ) on Tuesday closed up +0.017 (+0.76%). July nat-gas prices Tuesday posted modest gains on a warmer U.S. weather forecast that would boost nat-gas demand from electricity providers to power increased air conditioning usage. Forecaster Atmospheric G2 said above-normal temperatures are seen across the U.S....

Barchart · Jun 6, 2023

Crude Prices Under Pressure from Global Energy Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23 ) is up +3.75 (+1.49%). July Nymex natural gas (NGN23 ) is up +0.024 (+1.07%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

Barchart · Jun 6, 2023

No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart · Jun 6, 2023

OPEC+ -- No Surprise as the Cartel Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart · Jun 6, 2023

Nat-Gas Prices Gain on a Warmer U.S. Weather Forecast

July Nymex natural gas (NGN23 ) on Monday closed up +0.073 (+3.36%). July nat-gas prices Monday rallied moderately on a warmer U.S. weather forecast, which will boost nat-gas demand from electricity providers to power increased air conditioning usage. Forecaster Atmospheric G2 said above-normal temperatures are seen across the U.S. southern...

Barchart · Jun 5, 2023

Crude Prices Jump as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) this morning is up +1.19 (+1.66%), and July RBOB gasoline (RBN23 ) is up +4.01 (+1.60%). July Nymex natural gas (NGN23 ) is up +0.121 (+5.57%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-month high. Crude prices...

Barchart · Jun 5, 2023

Natural Gas – Memories of June 2020

Three years ago, NYMEX natural gas futures traded to the lowest price of this century when the energy commodity reached a two-and-one-half-decade low. In August 2020, the price exploded to a fourteen-year high. In June 2023, nearby natural gas is approaching the 2020 low as last year’s explosive rally imploded.

Barchart · Jun 4, 2023