Risk-off mood drags US Natural Gas 4.72% lower

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

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 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.

Positive performances can be seen by looking at other Energy markets as Crude Oil added 1.45% and closed around $71.83 yesterday. Heating Oil ascends 1.24% yesterday and closed at $2.35. Brent Crude Oil went up by 1.21% yesterday, and closed at $77.18.

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