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Natural Gas May 24 (NG=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
1.7730+0.0090 (+0.51%)
As of 04:59PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2024-04-26
Last Price1.7640
Day's Range1.7310 - 1.7850
  • Yahoo Finance

    Why Texas has too much natural gas

    There's too much natural gas supply in West Texas. That's sending prices at a key hub into negative territory.

  • The Wall Street Journal

    A Natural-Gas Glut is Keeping Prices Low

    A new theme is emerging in natural-gas markets: lower prices for longer. Energy analysts from Washington to Wall Street are slashing their price forecasts amid a glut of the heating and power-generation fuel that already has natural gas trading at its lowest levels in decades. It's a counterpoint for economists and central bankers to consider when they weigh the impact of rising copper and oil prices on the Fed's inflation fight.

  • Yahoo Finance Video

    Oil: OPEC has 'hands on the steering wheel' of energy market

    Crude oil futures (CL=F, BZ=F) momentarily pause their price rally after hitting multi-month highs, remaining elevated around various geopolitical tensions including the ongoing conflict between Israeli and Hamas forces in the Middle East. CIBC Private Wealth US Senior Energy Trader Rebecca Babin weighs in on the oil inventory pressures associated with OPEC+'s production cuts and the Russia-Ukraine War, looking ahead to the range where oil and US gas prices could eventually settle into. "Right now what they [OPEC+] have is a beautiful position of controlling the market. They've got their hands on the steering wheel here. They don't want to lose that," Babin tells Yahoo Finance. "You let it go too far, you get SPR (Strategic Petroleum Reserve). So, let's bring back some barrels. I think this puts a damper on this rally to $100 [per barrel] that some people are talking about. And he second big factor I think is demand destruction. You can't just have an explosive rally to the upside and think demand is going to be completely inelastic." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.