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Weekly Natural Gas Spot Prices Climb as Heat Dome Spreads High Temps Across Country; Futures Tick Up - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Weekly Natural Gas Spot Prices Climb as Heat Dome Spreads High Temps Across Country; Futures Tick Up

Weekly natural gas cash prices were higher amid demand impacted by a heat wave and former Hurricane Beryl, while a slow inventory reduction that was spooking the futures market empowered the bears.

NGI’s Weekly Spot Gas National Avg. for the July 8-12 period was up 44.0 cents to $1.940/MMBtu.

Futures, meanwhile, ended a mostly down week with a modest gain. The August Nymex contract closed the trading period on Friday at $2.329, up 6.1 cents. The settlement was less than a penny above the Fourth of July shortened prior week’s finish at $2.319.

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