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Tag Archives: natural gas

Natural Gas Slumps Despite Bigger-Than-Expected Supply Drawdown, Polar Vortex

Natural gas futures slumped on Thursday, despite a bigger-than-expected supply drawdown and the coming polar vortex that is expected to blanket North America in frigid temperatures. Although prices dropped more than 1% toward the end of the trading week, market analysts are still optimistic about natural gas due to a myriad of bullish factors. February natural gas futures tumbled $0.036, or 1.34%, to $2.653 per million...

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Commodities Week in Review: January 4 to January 8

Commodities Week in Review: January 4 to January 8 Agriculture  Agricultural commodities were a mixed bag during the first trading week of 2021 as a strengthening US dollar weighed on many crops. But output levels and tighter inventories supported agricultural products, like corn and soybeans. After a roaring 2020, can the broader agriculture market continue the momentum in 2021? Cocoa  Friday Settlement: -$12.00, or 0.48%, to $2,504 per metric ton Weekly Performance: -3.58% YTD Performance:...

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Crude Oil Heads to End Friday & Week with Gains

Crude oil was heading to end Friday with significant gains. Furthermore, crude was also on track for a weekly gain of more than 6%. Market analysts explained the strong rally by the decision of Saudi Arabia earlier this week to singlehandedly slash oil production by 1 million barrels per day — more than 1% of global supply. Usually, the impact of OPEC+ decisions does not persist for several days but this...

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Natural Gas in Choppy Trading Amid Smaller-Than-Expected Supply Drawdown

Natural gas futures involved in choppy trading on Thursday after the US government reported a slightly smaller-than-expected drawdown in domestic supplies. Despite the lackluster movement on Thursday, investors have renewed their bullish sentiment in natural gas amid colder weather forecast and strengthening foreign demand. Can natural gas retest $3 in the first quarter? February natural gas futures edged up by $0.005, or 0.19%,...

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Commodities Week in Review: December 28 to January 1

Commodities Week in Review: December 28 to January 1 Agriculture  Despite being relatively quiet in the broader financial markets, agricultural commodities continued to end 2020 on a high note, adding to their annual totals. The commodities market has had its best yearly performance in about six years, thanks to a mix of a weakening US dollar, strong fundamentals, and a coronavirus pandemic that has enhanced demand. The consensus is that agriculture will have an even stronger 2021 due...

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Natural Gas Aims to End Bullish 2020 Higher Amid Sixth Straight Supply Drawdown

Natural gas futures are looking to end a strong 2020 on a high note following a disappointing December performance. The energy commodity has been one of the top-performing assets this year, thanks to a mix of strengthening demand and a modest decline in production levels. But with a lack of freezing temperatures in the US, could natural gas start 2021 in the red? February natural gas futures...

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Commodities Week in Review: December 21 to December 24

Commodities Week in Review: December 21 to December 24 Agriculture  US agriculture had another strong weekly performance, despite a rising US dollar. The agricultural commodities market was looking to build on its overall momentum this year in the home stretch of 2020, buoyed by strengthening foreign demand and declining output and supplies at home and abroad. Investors are betting on a repeat performance...

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Natural Gas Plummets 7% Despite Massive US Supply Drawdown

Natural gas futures are cratering in the middle of the holiday-shortened trading week, despite the US government reporting a substantial drawdown in domestic inventories. Natural gas prices also failed to take advantage of expectations for colder conditions, particularly in Europe. The energy commodity has been trending in correction territory since topping $3 last month, with many investors abandoning hopes...

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Commodities Week in Review: December 14 to December 18

Commodities Week in Review: December 14 to December 18 Agriculture  Strengthening demand, a weaker US dollar, and potential supply issues contributed to agriculture’s impressive week. The biggest news in the agricultural sector was China’s ballooning consumption for soybeans, which allowed the crop to climb to its best level since early 2014. Wheat also captured international headlines for Russia slapping a tax...

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Natural Gas Slumps Despite Bigger-Than-Expected Supply Drawdown, Nor’easter Storm

Natural gas futures turned lower on Thursday, despite the US government reporting a bigger-than-expected drawdown in domestic inventories. Natural gas prices also failed to capitalize on a major snowstorm – nor’easter – heading the northeast part of the US that could spillover south. It had been thought that natural gas would maintain the momentum with these developments, but investors may have taken advantage of the higher prices and sold the profits. January natural gas futures tumbled...

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