The Latest Breaking News from Nymex

Nat-Gas Prices Push Higher on Below-Normal U.S. Temps

May Nymex natural gas (NGK23 ) on Monday closed up +0.040 (+1.79%). May nat-gas prices Monday morning posted moderate gains on the outlook for colder-than-normal U.S. temperatures that would boost heating demand for nat-gas. The Commodity Weather Group said below-normal temperatures are expected across the eastern half of the U.S....

Barchart · Apr 24, 2023

Crude Oil Prices Rise on Stronger Chinese Fuel Demand

June WTI crude oil (CLM23 ) this morning is up +0.73 (+0.94%), and June RBOB gasoline (RBM23 ) is up +2.14 (+0.83%). May Nymex natural gas (NGK23 ) is up +0.014 (+0.63%). Crude oil and gasoline prices this morning recovered from early losses and are moderately higher. A fall in...

Barchart · Apr 24, 2023

Crude Oil and the U.S. SPR

The U.S. SPR has dropped steadily and stood at the lowest level since October 1983 on April 14, 2023. The Biden administration authorized an unprecedented SPR release and sale following Russia’s invasion of Ukraine that drove crude oil prices to over $130 per barrel in March 2022, the highest price…

Barchart · Apr 23, 2023

Nat-Gas Prices Retreat on a Milder U.S. Weather Forecast

May Nymex natural gas (NGK23 ) on Wednesday closed down -0.144 (-6.09%). May nat-gas prices Wednesday fell sharply as updated weather forecasts signal milder U.S. weather, curbing heating demand for nat-gas. Forecaster Atmospheric G2 said that while colder-than-normal temperatures are expected across a large portion of the central and eastern...

Barchart · Apr 19, 2023

Crude Prices Fall as a Slide in Stocks Sparks Risk Aversion

May WTI crude oil (CLK23) this morning is down -1.12 (-1.39%), and May RBOB gasoline (RBJ23) is down -7.17 (-2.61%). May Nymex natural gas (NGK23) is down -0.128 (-5.41%). Crude oil and gasoline prices this morning are moderately lower and dropped to 2-1/2 week lows. A stronger dollar today is...

Barchart · Apr 19, 2023

How are Oil and Sugar Connected?

Sugar and crude oil, the soft and energy commodities, correlate for two reasons. As members of the commodities asset class, sugar and oil prices often move in the same direction during secular raw material bullish or bearish market trends. However, sugar’s role in Brazilian ethanol production makes the sweet commodity…

Barchart · Apr 19, 2023

Nat-Gas Prices Soar on Colder U.S. Temps

May Nymex natural gas (NGK23 ) on Tuesday closed up +0.091 (+4.00%). May nat-gas Tuesday rallied sharply for a second day and posted a 4-week high. Nat-gas prices rallied on outlook for colder temperatures in the U.S. that would boost heating demand for nat-gas in the northern regions of the...

Barchart · Apr 18, 2023

Crude Oil Higher on Dollar Weakness and Chinese Economic Strength

May WTI crude oil (CLK23 ) this morning is up +0.31 (+0.38%), and May RBOB gasoline (RBJ23 ) is down -1.40 (-0.50%). May Nymex natural gas (NGK23 ) is up +0.061 (+2.68%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 2-week low. A weaker...

Barchart · Apr 18, 2023

Natural Gas- The Injection Season Begins

Nearby natural gas futures rose to a fourteen-year high in August 2022 when they probed above the $10 per MMBtu level. In Q1 2023, the price fell to a low below $2 and was around close to the low on April 18. Natural gas is a boom-and-bust energy commodity that…

Barchart · Apr 18, 2023

Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports

May Nymex natural gas (NGK23 ) on Monday closed up +0.161 (+7.62%). May nat-gas Monday rallied sharply to a 3-week high as a shift in U.S. weather forecasts to winter-like temperatures will boost heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures are seen boosting heating demand across the...

Barchart · Apr 17, 2023