Natural gas futures on Tuesday slid lower, following forecasts for a pullback in weather-driven demand and lower liquefied natural gas (LNG) levels in the wake of maintenance work.  

West Texas Gas Prices

At A Glance:

  • Forecasts call for lighter demand
  • Maintenance work slows LNG exports
  • Wildfires create another wrinkle in West

Natural gas futures bounced back on Thursday, bolstered by an anemic increase in inventories that pointed to a tight supply/demand balance and ignited concerns about adequate storage levels. The August Nymex contract spiked 9.2 cents day/day and settled at $3.688/MMBtu. September jumped 9.3 cents to $3.667.

The August Nymex contract shed 5.3 cents day/day and settled at $3.696/MMBtu. A day earlier, the prompt month had gained 9.2 cents. September fell 5.0 cents to $3.682 on...