Leticia Gonzales

September natural gas prices softened Wednesday as traders gave more weight to cooler weather in the weeks ahead than low storage inventories and the possibility of the lowest injection of the season on Thursday. The Nymex September futures contract settled 1.9 cents lower at $2.94 after spending the day waffling in a tight 3.3-cent band.

September natural gas prices softened Wednesday as traders gave more weight to cooler weather in the weeks ahead than low storage inventories and the possibility of the lowest injection of the season on Thursday. The Nymex September futures contract settled 1.9 cents lower at $2.94 after spending the day waffling in a tight 3.3-cent band.

DCP Midstream LP management reiterated its commitment to seizing the “tremendous opportunity” presented in the Denver-Julesburg (DJ) Basin of Colorado despite the regulatory uncertainty brought on by a ballot measure seeking to extend setback requirements for future oil and gas wells.

September natural gas prices were set to open 3.4 cents lower at $2.91 Monday as traders looked to cooler weather ahead and returning production to help bring the market back into balance.

Ongoing concerns about having adequate storage supplies ahead of the winter season kept a firm floor under natural gas prices Monday, even as production was close to setting a new record and weather outlooks showed cooler temperatures in the days and weeks to come. The Nymex September gas contract settled at $2.93, down 1.4 cents on the day.

Ongoing concerns about having adequate storage supplies ahead of the winter season kept a firm floor under natural gas prices Monday, even as production was close to setting a new record and weather outlooks showed cooler temperatures in the days and weeks to come. The Nymex September gas contract settled at $2.93, down 1.4 cents on the day.

September natural gas prices were decidedly in the red ahead of Friday’s market open, trading 3.5 cents lower at $2.92, as traders banked on cooler weather and lighter demand for the weekend and in the weeks to come.

September natural gas prices jumped an average 13 cents from Aug. 2-9, fueled by growing concerns about persistently low storage inventories that led to a six-day rally in Nymex futures, according to NGI’s Forward Look.

Weekly prices skyrocketed as a heat wave blanketed much of the East Coast throughout the week, lifting daytime temperatures into the low 90s and making for some of the strongest demand of the summer so far.