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Market Impact: 0.35

Nat-Gas Prices Settle Lower on Higher US Output and Smaller Exports

NGS
Energy Markets & PricesCommodities & Raw MaterialsEconomic DataTrade Policy & Supply Chain

August Nymex natural gas (NGQ26) fell 1.46% to close down -0.043, settling at a 2-month low. Prices dropped as signs pointed to stronger US natural gas output and smaller exports, with Permian Basin production rising to over 23 bcf, weighing on the market balance.

Analysis

August Nymex natural gas (NGQ26) fell 1.46% to close down -0.043, settling at a 2-month low. Prices dropped as signs pointed to stronger US natural gas output and smaller exports, with Permian Basin production rising to over 23 bcf, weighing on the market balance.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30

Ticker Sentiment

NGS-0.35