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Natural Gas Futures Struggle Amid Benign Weather, Hefty Supplies ... - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Natural Gas Futures Struggle Amid Benign Weather, Hefty Supplies and Sluggish Cash Prices - Natural Gas Intelligence

Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476.

At A Glance:

- EIA prints 96 Bcf injection
- Front month drops 9.1 cents
- Mild temperatures cut demand

NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845.

The prompt month had posted a 7.7-cent gain on Wednesday, snapping a three-day losing streak amid expectations for a triple-digit storage increase.

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