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

Here’s the latest:
- July NYMEX natural gas futures were down 11.0 cents to $3.180/MMBtu near midday