October Nymex natural gas (NGV26) on Thursday closed down -0.043 (-1.45%).
Nat-gas prices fell from a 1.75-month nearest-futures high on Thursday and settled lower as US domestic supplies remain abundant. Nat-gas prices initially moved higher on Thursday after weekly EIA inventories rose +30 bcf, below expectations of +32 bcf. Also, the outlook for hot US weather to boost nat-gas demand from electricity providers to power increased air-conditioning use supported prices. According to forecaster Vaisala, forecasts shifted hotter in the central US for September 8-12, and that above-normal temperatures are forecast to be widespread for the September 13-17 period.
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Nat-gas prices fell from a 1.75-month nearest-futures high on Thursday and settled lower as US domestic supplies remain abundant. Nat-gas prices initially moved higher on Thursday after weekly EIA inventories rose +30 bcf, below expectations of +32 bcf. Also, the outlook for hot US weather to boost nat-gas demand from electricity providers to power increased air-conditioning use supported prices. According to forecaster Vaisala, forecasts shifted hotter in the central US for September 8-12, and that above-normal temperatures are forecast to be widespread for the September 13-17 period.
Crude Oil Prices Settle Higher on US-Iran Tensions
Crude Oil Prices Rally as No End in Sight to US-Iran War
Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market ****** ysis you won't find anywhere else.
#september #nymex #ngv26 #according
2 months ago
