U.S. natural gas markets failed to sustain much momentum across the forward curve during the June 8-14 trading period, with July prices averaging 2.0 cents lower as widespread heat has yet to materialize, according to NGI’s Forward Look.

With plump production figures still coming out and storage inventories sitting above average levels, similarly small price changes were seen through the balance of summer (July-October), winter 2023-2024 and the rest of the curve, Forward Look data showed.

At the benchmark Henry Hub, prices remained below $3.00 through the balance of summer after shedding a couple of cents through the period. The winter 2023-2024 strip stayed flat at $3.45, while prices for summer 2024 (April-October) held at $3.240.

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