Risk-off mood drags NYMEX Gas 4.72% lower

Published: May 26 2023, 23:10 GMT+0

Risk-off mood drags NYMEX Gas 4.72% lower

Today at a glance: after a mostly steady day, Natural Gas lost 10.9 cents late into the session and closed at $2.2 per MMBtu.

Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Positive performances can be seen by looking at other Energy markets as notably, Crude Oil rose 1.45% today and closed at $71.83. Heating Oil goes up 1.24% today and closed at $2.35. Brent Crude Oil went up by 1.21% today, and closed at $77.18.

NYMEX Natural Gas has fallen back around 76.17% from the significant high of $9.68 set 9 months ago.