April Nymex natural gas (NGJ26) closed down $0.108 (-3.45%) on Monday. The drop was driven by negative carryover from a ~5% plunge in crude oil amid hopes the Strait of Hormuz could reopen, while a mixed U.S. weather report weighed on demand expectations. Expect near-term volatility in gas prices from geopolitically driven oil moves and weather-driven demand uncertainty.
April Nymex natural gas (NGJ26) closed down $0.108 (-3.45%) on Monday. The drop was driven by negative carryover from a ~5% plunge in crude oil amid hopes the Strait of Hormuz could reopen, while a mixed U.S. weather report weighed on demand expectations. Expect near-term volatility in gas prices from geopolitically driven oil moves and weather-driven demand uncertainty.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
