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Natural Gas Futures Sink as July Contract Expiration Looms - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Natural Gas Futures Sink as July Contract Expiration Looms

July natural gas futures moved decidedly lower in early trading Wednesday as the market took profits ahead of the contract’s expiration at the close of business.

The prompt month contract was down 5.1 cents to $2.705/MMBtu at 8:50 a.m. ET. August was down 5.4 cents to $2.809.

Futures appeared to be caught between supply concerns and questionable demand-side factors, including soft LNG exports and strong cooling demand.

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