• Positive finish Friday ensured that futures did not close below $2
  • LNG feed gas topped 7.70 Bcf
  • Spot gas prices slid as weather demand abated

Natural gas futures dropped further early Friday, extending the steep losses posted a day earlier following a robust storage injection that amplified already simmering worries about fall containment.

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The October Nymex contract, however, clawed back late in the trading day as liquefied natural gas (LNG) volumes remained strong. The prompt month settled at $2.048/MMBtu, up six-tenths of a cent day/day after plunging more than 22 cents a day earlier. November advanced 5.6 cents to $2.633.

LNG feed gas topped 7.70 Bcf Friday, according to NatGasWeather.

Thursday marked the biggest drop for the front month since the coronavirus pandemic...