NatGas Futures Slip as Traders Eye 100 Bcf-Plus Storage Build; Permian Cash Nears Zero
After a brief swing into positive territory, natural gas futures prices on Wednesday ultimately gave back a bit of the previous three days’ worth of gains as traders focused on an expected triple-digit storage build rather than on increasing heat in weather models. The July Nymex gas futures contract settled 1.3 cents lower at $2.386, with similarly small losses seen through the rest of the curve.
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