Mercados

After Week of Gains, Natural Gas Futures Slide

  • September down 1.1 cents to $2.944; October down 1.0 cents to $2.949
  • Weather patterns “neutral, although approaching slightly bearish compared to what the data showed a few days ago”: NatGasWeather
  • Next EIA report set to grow year-on-five-year deficit, says Genscape
  • SoCal Citygate down $5.39 d/d as lower demand expected over weekend
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Nymex September Natural Gas Soars Again as Storage Takes Front Seat Ahead of EIA Report

  • September natural gas prices breeze past second technical hurdle as storage concerns remain front and center for traders
  • Weather guidance continues to trend slightly cooler, with the latest models pointing to cooler temperatures next week and Aug. 19-22
  • “...weather alone will not reverse the rally.” - Bespoke Weather Services Chief Meteorologist Jacob Meisel
  • BREAKING: EIA reports a 46 Bcf storage injection for the week ending Aug. 3
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