Natural Gas News – June 20, 2025
Crude Pulls Back From 5-Month High on Geopolitical Jitters
NYMEX NG Futures Natural gas storage sees less-than-expected increase WTI crude slips below $75 as traders weigh rising geopolitical risks and their potential impact on global energy flows. Natural gas nears $4.00 resistance, supported by bullish structure and 50-EMA, but shows signs of momentum hesitation. Fed holds rates steady, signals two cuts by year-end, potentially boosting long-term demand for oil and natural gas. WTI crude futures slipped below $75 per barrel on Thursday, retreating from recent highs as traders weighed escalating geopolitical tensions and their potential impact on global energy markets. Despite the decline, prices remained near a five-month high, reflecting continued concern over disruptions near key maritime routes, such as the Strait of Hormuz, which handles roughly 20% of the world’s crude oil supply. Meanwhile, the Federal Reserve held rates steady and m… https://tinyurl.com/53785p3f
Natural gas storage sees less-than-expected increase
The Energy Information Administration (EIA) has released its weekly report on natural gas storage, revealing an increase of 95 billion
cubic feet in the past week. This figure is slightly lower than the forecasted increase of 96 billion cubic feet, suggesting a slightly more bullish market for natural gas prices. The EIA’s report is a critical indicator for the energy sector, particularly for the Canadian dollar due to Canada’s significant energy industry. The change in the number of cubic feet of natural gas held in underground storage during the past week can provide valuable insights into the demand for natural gas. In this case, the less-than-expected increase in natural gas inventories implies a greater demand for the commodity. This is because if the rise in natural gas storage is lo… For more info
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