4 Global Market Updates- 25 July, 2022

 

In this article, we have covered the highlights of global market news about the Natural Gas, Crude Oil, USD/JPY  and USD/CAD.
Natural Gas Futures: The recovery seems to be solid.

When taking into account CME Group’s advanced prints for the natural gas futures markets, open interest increased on Friday by around 11.2K contracts, reversing the prior daily decline. However, volume decreased for the second session in a row, this time by around 25.2K contracts.

Natural gas prices significantly rose on Friday due to growing open interest, which suggests that more gains are anticipated very shortly. In contrast, the commodity may be heading for a peak of almost $9.60 per MMBtu in 2022. (June 8).

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