July Natural Gas Fizzles at Signs of Cooler Weather; Spot Gas Falls on Soft Weekend Demand

What goes up must come down was the theme for Friday trading action as July natural gas prices quickly put the brakes on a heat-induced rally as weather outlooks began hinting of cooler weather ahead. The Nymex July natural gas futures contract traded in a less than 7-cent range on Friday, hitting its $2.991 peak early in the session and then trading closer to its $2.926 low end for the last hour until settling at $2.945, down 3 cents on the day. Read More