• Nymex natural gas futures slip as pace of LNG recovery unclear
  • Cooler weather outlooks for early September resurrect storage concerns
  • Cash falls as Laura moves inland, dragging down temperatures

Natural gas futures, fresh off a massive 12-cent climb, retreated a bit Friday as Hurricane Laura’s destruction slowly came into focus. Aided by a cooler weather outlook over the coming weeks, the October Nymex gas futures contract fell 5.3 cents to $2.657. November lost 2.7 cents to hit $2.916.

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Spot gas prices also were lower outside of West Texas, where prices for the three-day period through Monday climbed around 40.0 cents on average. NGI’s Spot Gas National Avg. fell 11.0 cents to $2.075.

With extensive power outages remaining in the wake of Laura, along with lower...