Risk-off mood drags NYMEX Natural Gas 4.72% lower

Published: May 27 2023, 03:46 GMT+0

Risk-off mood drags NYMEX Natural Gas 4.72% lower

Yesterday at a glance: after a mostly steady day, Natural Gas lost 4.72% deep into the session, ending up at $2.2 per MMBtu.

Data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Though Natural Gas has been dropping, other Energy have been performing better: Crude Oil went up by 1.45% yesterday, and closed at $72.87. Heating Oil added 1.24% and closed around $2.35 yesterday. Brent Crude Oil is trading around $77.18 after ending yesterday's session at $76.26 (up 1.21% today).

NYMEX Natural Gas has shed 68.79% over the past six months.