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Wall Street Journal
28-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Jumpy As June Expires
0936 ET – U.S. natural gas futures turn lower in volatile trade as the June contract approaches final settlement. Daily cooling remains subdued later this week but is on pace to pick up dramatically after that, Eli Rubin of EBW Analytics says in a note. 'As July becomes the Nymex front-month, firmer mid-summer fundamentals may align with bullish technicals to increase chances for pricing upside,' he says. Still, the likelihood of weak spot prices into early June 'offers bulls caution.' The June contract is off 1.1% at $3.361/mmBtu and gas for July delivery is down 1.2% at $3.698/mmBtu. (
Wall Street Journal
16-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Lower on Soft Seasonal Demand
0927 ET – U.S. natural gas futures are lower and heading for weekly losses as shoulder-season demand remains weak while inventories have been building at a rate of more than 100 billion cubic feet a week. 'Natural gas prices are falling due to fundamental looseness,' Eli Rubin of EBW Analytics says in a note. Henry Hub physical prices around $3.20 'never confirmed the move up in futures,' he adds. Nymex natural gas is off 0.4% at $3.350/mmBtu. (
Wall Street Journal
14-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Turn Lower
0958 ET – U.S. natural gas futures are lower as shoulder-season demand remains subdued, with Texas heat offset by pleasant temperatures across much of the rest of the country and the market focused on a string of large storage builds. 'A triple-digit storage surplus to five-year norms is probable by June,' Eli Rubin of EBW Analytics says in a note. But as summer heat lifts power-sector demand, LNG rises, and production trends sideways, 'the contours of the long-term bullish thesis of rising demand set against insufficient supply growth may begin to emerge,' he says. Nymex natural gas is off 3.8% at $3.507/mmBtu. (
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Gain Ahead of Storage Data
0925 ET – Natural gas futures are higher, extending the recovery from the April selloff. Traders are re-establishing positions although near-term fundamentals imply downside risks with mild weather and subdued shoulder-season LNG, Eli Rubin of EBW Analytics says in a note. 'Non-fundamental factors may play a stronger role in setting near-term prices.' The EIA's inventory report at 10:30 a.m. ET is expected to show an above-average 101 Bcf injection into storage, according to a Wall Street Journal survey of analysts. Nymex natural gas is up 1.5% at $3.675/mmBtu. (
Wall Street Journal
05-05-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Hold Onto Gains
0914 ET – U.S. natural gas futures hold their ground while oil prices fall on the OPEC+ decision to bring back another 411,000 barrels a day of production in June. 'Bullish longs are jumping back into the natural gas market,' Eli Rubin of EBW Analytics says in a note. The accelerated return of OPEC+ production is a long-term tailwind for natural gas as it will pressure U.S. shale and associated gas production, while the near-term rally may be unsustainable given soft seasonal fundamentals, he says. Nymex natural gas edges up 0.1% at $3.634/mmBtu.(
