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September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag


September Natural Gas Futures Flounder Despite Bullish Setup for Balance of Summer; Spot Prices Sag
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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. ....

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