Natural gas futures fell again Monday, losing ground for a fourth consecutive regular session amid ongoing supply/demand imbalance concerns. The August Nymex gas futures contract lost 2.7 cents day/day and settled at $2.512/MMBtu. September slid 2.6 cents to $2.504.

At A Glance:

  • Prompt month sheds 2.7 cents
  • U.S. production holds strong
  • Weather demand endures

Cash markets, meanwhile, further built on advances made last week as summer heat permeated the Lower 48. NGI’s Spot Gas National Avg. gained 14.0 cents to $2.620.

NatGasWeather said forecasts heading into the trading week continued to show more widespread heat and strong national demand in the second half of July. “The coming pattern is still to the bullish side, evidenced by national cooling degree days running...