UNCOVERED: 31 - The Untold Story

Why Does Platinum Keep Failing?

Platinum is a rare precious metal with significant industrial applications, but over the past years, that has not helped the price. While gold and palladium rose to all-time highs in 2022, platinum could not manage a rally to anywhere near the 2008 record peak. After attempting to move above the…

Barchart · Aug 11, 2023

Nat-Gas Prices Plunge on Above-Forecast Weekly EIA Inventories

September Nymex natural gas (NGU23 ) on Thursday closed -0.196 (-6.62%). Nat-gas prices Thursday plunged after weekly EIA nat-gas supplies rose more than expected. Also, a cooler U.S. weather forecast weighed on nat-gas prices as the cooler temperatures will curb nat-gas demand from electricity providers to power air conditioning. EIA...

Barchart · Aug 10, 2023

Nat-Gas Prices Soar on U.S. Heat and Global Supply Concerns

September Nymex natural gas (NGU23 ) on Wednesday closed +0.182 (+6.55%). Nat-gas prices Wednesday extended this week's sharp rally to a 5-1/2 month high on the outlook for excessive heat in the U.S. to boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said near-record heat...

Barchart · Aug 9, 2023

How High Will Oil Prices Rise?

Nearby WTI and Brent crude oil futures settled at $70.64 and $74.90, respectively, at the end of Q2 2023. WTI futures were 6.65% lower in Q2 and fell nearly 12% over the first half of 2023. Brent fell 6.25% in the second quarter and was almost 12.75% lower over the…

Barchart · Aug 4, 2023

Nat-Gas Prices Rally on Smaller-Than-Expected EIA Weekly Inventory Build

September Nymex natural gas (NGU23 ) on Thursday closed +0.088 (+3.55%). Nat-gas prices Thursday closed sharply higher after weekly EIA nat-gas inventories rose +14 bcf, less than expectations of +18 bcf. A mixed U.S. weather outlook limited the upside in gas prices. The Commodity Weather Group said above-normal temperatures would...

Barchart · Aug 3, 2023

Nat-Gas Prices Weighed Down by Forecasts for Cooler U.S. Weather

September Nymex natural gas (NGU23 ) on Wednesday closed -0.083 (-3.24%). Nat-gas prices Wednesday extended Tuesday's losses to a 6-week low and settled moderately lower. Gas prices are under pressure on the outlook for cooler weather in the Midwest and East Coast, which would reduce nat-gas demand from electricity providers...

Barchart · Aug 2, 2023

Nat-Gas Prices Under Pressure from Forecasts for Cooler U.S. Temps

September Nymex natural gas (NGU23 ) on Tuesday closed -0.074 (-2.81%). Nat-gas prices Tuesday fell to a 2-week low and settled moderately lower. Gas prices came under pressure Tuesday after forecaster Maxar Technologies said rain would sweep into the Midwest and East Coast between August 6-10, cooling off the regions...

Barchart · Aug 1, 2023

Nat-Gas Prices Slip on Forecasts for Cooler East Coast Temps

September Nymex natural gas (NGU23 ) on Monday closed -0.004 (-0.15%). Nat-gas prices Monday closed slightly lower on the outlook for cooler U.S. temperatures, which will curb nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said cooler temperatures are expected to move into the East Coast...

Barchart · Jul 31, 2023

Nat-Gas Prices Rise on the Outlook for Hotter U.S. Temps Next Month

September Nymex natural gas (NGU23 ) on Friday closed +0.043 (+1.66%). Nat-gas prices Friday posted moderate gains on the outlook for hotter weather in the Midwest next month, which will boost nat-gas demand from electricity providers to power increased air conditioning usage. The Commodity Weather Group said forecasts show well...

Barchart · Jul 28, 2023

Nat-Gas Prices Tumble on Ample U.S. Supplies and Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Thursday closed -0.160 (-6.00%). Nat-gas prices Thursday sold off sharply to a 5-week low on a larger-than-expected build in weekly EIA inventories and forecasts for cooler U.S. temperatures next week, which will curb nat-gas demand from electricity providers to power air conditioning. The...

Barchart · Jul 27, 2023