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Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Hold Gains
1504 ET – U.S. natural gas futures hold on to the previous day's gains with some help from lower production. Approaching hot weather is supporting prices on the downside, while large weekly storage builds limit gains. Weather forecasts show heat steadily building for the second half of June, with temperature highs of 70s-90s for most of the northern U.S. and highs of 80s-100s in the South, says in a note. Wind power generation, which can reduce natural gas use, has picked up from recent weakness and is seen strong the next few days. Nymex natural gas settles up 0.8% at $3.722/mmBtu. ( 0957 ET – U.S. natural gas futures pull back from yesterday's rebound, but are still supported by forecasts for hotter weather as June progresses. 'We can still envision nearby futures lifting to above the $4.00 mark this month on first indication of an extreme heat wave,' Ritterbusch says in a note. Inventory builds remain a limiting factor, although the surplus is unlikely to stretch much beyond 125 Bcf to 130 Bcf by the end of the month, 'a comparatively small supply overhang that could easily be erased by a hot summer,' the firm adds. Nymex natural gas is down 1.7% at $3.632/mmBtu. (
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
U.S. Natural Gas Futures Extend Losing Streak
1502 ET – U.S. natural gas futures fall for a third straight session as weather forecasts turn cooler after this week's heat wave hitting the East Coast. Strong wind and solar power generation, as well as selling in gold and oil on easing Middle East tensions, could also have played a role in the pullback, says in a note. So could this week's July contract expiration, the forecaster adds. Nymex natural gas settles down 4.4% at $3.537/mmBtu. ( 1008 ET – Natural gas futures are down for a third session as market participants look beyond this week's heat wave driving high demand. Ritterbusch says large price swings up and down are likely to continue as the weather takes on greater importance over the summer. 'Although production has tapered off slightly this week and exports have slipped, the gas balances currently remain tilted bearish with the supply surplus likely to increase further' with this week's EIA storage report, the firm says. 'But from here, we see additional increase in the surplus as limited with a potential significant reduction a high probability if the rest of the summer proves hotter than normal.' Nymex natural gas is down 1.8% at $3.630/mmBtu. (
