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Storage, Supply Offset Global Energy Rally, Sink Natural Gas Futures

Natural Gas Intelligence · last updated

July New York Mercantile Exchange (NYMEX) natural gas futures moved sharply lower Monday as traders focused on elevated production and a relatively loose domestic supply-demand balance, largely shrugging off a geopolitical risk premium that sent crude oil and European natural gas prices soaring.

Natural gas processing equipment and pipelines at an energy facility, illustrating US natural gas markets, infrastructure and pricing trends.

Here’s the latest:

  • July NYMEX natural gas futures were down 11.0 cents to $3.180/MMBtu near midday