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Weekly Natural Gas Spot Prices Snap Lengthy Win Streak; Futures ... - Natural Gas Intelligence

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Weekly Natural Gas Spot Prices Snap Lengthy Win Streak; Futures Stumble - Natural Gas Intelligence

Weekly natural gas cash prices rallied early amid lofty temperatures and strong cooling demand across much of the Lower 48. But bullish sentiment faded late in the week amid a production rebound and an expected respite from the heat over the weekend.

NGI’s Weekly Spot Gas National Avg. for the Independence Day holiday-abbreviated July 5-7 period slipped 23.5 cents to $2.395. It marked a rare setback of late. The weekly average had climbed each of the four previous weeks.

Conditions during the covered period were mixed from a price perspective. Heat permeated much of the country, getting air conditioners cranking. But rainy weather settled in late in the period across parts of the central and eastern United States – enough to give bulls pause. Still, forecasts called for a...

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