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Production Declines, Southern Heat Prop Up Natural Gas Futures, Cash Prices - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Production Declines, Southern Heat Prop Up Natural Gas Futures, Cash Prices - Natural Gas Intelligence

One might not call it a rally, but natural gas futures advanced for a third time in as many sessions on Wednesday, supported by the combination of weakened production and strengthening cooling demand.

At A Glance:

- Prompt month ekes out tiny gain
- Market sees 90s Bcf storage injection
- Production remains under pressure

The July Nymex gas futures contract gained two-tenths of a cent day/day to close at $2.342/MMBtu. The August contract climbed six-tenths of a cent to settle at $2.413.

NGI’s Spot Gas National Avg. rose 1.0 cent to $1.975 on Wednesday after back-to-back gains to start the week.

[Market Measures: Who leads the pack in terms of buying, selling and marketing natural gas in the United States? Tune into Episode 110 of NGI’s Hub & Flow podcast as we dive into an...

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