EXPLAINED: 27 - The Real Truth

Nat-Gas Prices Recover Early Losses as Dollar Weakness Spurs Short Covering

January Nymex natural gas (NGF24 ) on Wednesday closed up +0.024 (+1.04%). Nat-gas prices Wednesday recovered from a 6-month low and moved higher as short-covering emerged after the dollar index fell to a 1-1/2 week low. Nat-gas prices have been under pressure over the past month as above-normal early winter...

Barchart · Dec 13, 2023

Nat-Gas Prices Extend the Plunge as Warm U.S. Temps to Persist

January Nymex natural gas (NGF24 ) on Tuesday closed down -0.120 (-4.94%), adding to Monday's -5.81% plunge. Nat-gas prices Tuesday extended Monday's plunge, posting a new 6-month nearest-futures low as early winter U.S. temperatures are forecast to remain above average into January, curbing heating demand for nat-gas. Forecaster Atmospheric G2...

Barchart · Dec 12, 2023

Nat-Gas Prices Plummet as Warm U.S. Temps to Persist

January Nymex natural gas (NGF24 ) on Monday closed down -0.150 (-5.81%). Nat-gas prices Monday plummeted to a 6-month low as early winter U.S. temperatures are forecast to remain above average into next year, curbing heating demand for nat-gas. Forecaster Atmospheric G2 said above-normal temperatures are expected to dominate most...

Barchart · Dec 11, 2023

Nat-Gas Prices Fall as Warm U.S. Temps Keep LNG Inventories Elevated

January Nymex natural gas (NGF24 ) on Monday closed down -0.120 (-4.26%). Nat-gas prices Monday tumbled to a 2-1/4 month low and closed sharply lower as persistently weak domestic demand for nat-gas is boosting nat-gas inventories. Warmer-than-average U.S. temperatures are curbing heating demand for nat-gas and are weighing on prices....

Barchart · Dec 4, 2023

Crude Oil: Does OPEC Have a Problem?

OPEC’s biannual meeting in late November establishes the cartel’s production policy for the coming year. The cartel scheduled the late 2023 meeting for Sunday, November 26, but the oil ministers could not agree on output quotas during preliminary meetings, causing a delay in the meeting until the end of November.

Barchart · Dec 4, 2023

Nat-Gas Recovers From Early Losses as Dollar Weakness Sparks Short Covering

January Nymex natural gas (NGF24 ) on Friday closed up +0.012 (+0.43%). Nat-gas prices Friday shook off early losses and moved higher, as a weaker dollar sparked short covering in nat-gas futures. Nat-gas prices this week have been under pressure from the outlook for above-average U.S. temperatures, which will reduce...

Barchart · Dec 1, 2023

Gold- Is $2,000 a Launchpad for Precious Metals?

Gold is sitting around the $2,000 level which has become the leading precious metal’s pivot point. The dollar index has declined, and the bonds have stabilized, which is good news for the metal that is a commodity and international currency.

Barchart · Dec 1, 2023

Nat-Gas Prices Slip on Ample Supplies and Warm U.S. Temps

January Nymex natural gas (NGF24 ) on Thursday closed down -0.002 (-0.07%). Nat-gas prices Thursday moved lower for the fifth consecutive session and posted modest losses. An unexpected build in weekly EIA nat-gas inventories on Thursday pressured prices. The EIA reported that nat-gas inventories rose +10 bcf last week versus...

Barchart · Nov 30, 2023

Mild U.S. Temps Weigh on Nat-Gas Prices

January Nymex natural gas (NGF24 ) on Wednesday closed down -0.033 (-1.16%). Nat-gas prices Wednesday posted moderate losses and have closed lower for four consecutive sessions. Forecasts for milder U.S. weather that curb heating demand for nat-gas are undercutting prices. Forecaster Atmospheric G2 said Wednesday that temperatures will be generally...

Barchart · Nov 29, 2023

Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand

December Nymex natural gas (NGZ23 ) on Tuesday closed down -0.088 (-3.15%). Nat-gas prices Tuesday extended Monday's losses to a 2-month nearest-futures low and settled sharply lower. Forecasts for warmer U.S. weather that curb heating demand for nat-gas are undercutting prices. Forecaster Atmospheric G2 said Tuesday that most U.S. weather...

Barchart · Nov 28, 2023