See All Insights
Summer temperature forecasts and an expectation of LNG exports rebounding supports the market.
Monday 5/25
Markets closed for holiday.
Tuesday 5/26
Natural gas prices decreased $0.013 to settle at $2.894 per MMBtu, due to a minor cooler shift in near-term weather outlooks. WTI crude oil dropped $2.71 to close at $93.89 per barrel as optimism for a peace deal to reopen the Strait of Hormuz grew. Equity markets were mixed as an AI driven rally spurred on the S&P500 and Nasdaq but the DJIA slipped.
Wednesday 5/27
June natural gas futures jumped $0.146 to settle at $3.040 on the day of contract expiry, as near term weather forecasts began to support the seasonal outlook calling for above average temperatures moving through June, which is set to come alongside rebounding LNG exports. July WTI futures plummeted $5.21 to close at $88.68 per barrel after Iran claimed that a deal had been reached to reopen the Strait of Hormuz. Equity markets appeared hesitant to fall for Iranian peace deal headlines once again, finishing largely unchanged and mixed on the day.
Thursday 5/28
July natural gas futures pushed $0.190 higher on the day to settle at $3.285 as the smaller than expected 92 BCF storage build came alongside the 8-14 day forecast shifting to more widespread above average temperatures elsewhere across most of the country. July futures also paid respect to the expected rebound in LNG demand and growing Permian takeaway capacity as we move into the second half of the year. Oil futures ticked $0.22 higher to settle at $88.90 per barrel amid geopolitical volatility.
Friday 5/29
Natural gas rose $0.005 to settle at $3.290 as the market seemed to be ignoring the very near-term weather forecast and staying focused on summer heat potential later in the season. Meanwhile, oil prices fell $1.54 to $87.36 per barrel as hopes for a peace deal conclusion grew once again. Easing oil prices and positive geopolitical headlines allowed the benchmark 10-year U.S. Treasury yield to ease lower and equity markets to push new record highs.
Looking Ahead
The 2026 U.S. LNG export pace will be elevated amid a minimized maintenance season due to the Iran war’s impact on global supply.
For more insights, fill out the form below to get our full PDF report in your inbox each week.
Bookmark the Energy Price Hub to access daily updates on energy market trends in North America and Europe.
