A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…
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Wind Generation Seen Limiting Bullish Impact of Heat as Natural Gas Futures Slide
Natural gas futures fell in early trading Wednesday as analysts looked for wind generation to curb the bullish effect of peak summer heat in the forecast this week. As of around 8:50 a.m. ET, the September Nymex contract was down 5.6 cents to $4.033/MMBtu. From a national gas-weighted degree day standpoint, widespread heat over the…
August 11, 2021
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