September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag Share on: LinkedIn
Natural gas futures faltered on Friday as traders took profits and markets focused on a near-term shift in weather that is expected to usher in a reprieve from the oppressive heat that has defined the summer to date over much of the Lower 48.
At A Glance:
Cooler weather pushes East
Supply concerns fester
The September Nymex contract dropped 14.5 cents day/day and settled at $3.914/MMBtu. A day earlier, in its debut as the prompt month, September rallied 9.2 cents. Futures had advanced more than 11% to that point in July. October shed 14.0 cents to $3.920 on Friday.
Natural Gas Futures Reverse Lower as Weather Trends Cooler, Tetco Restrictions Lifted
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
Natural Gas Futures, Cash Prices Rally Amid Diverse Demand - Natural Gas Intelligence
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.