Natural Gas Futures Plummet as Cooling Demand Remains Low
TL;DR Summary
Natural gas futures fell in early trading on Monday as forecasts lacked impressive summer heat. Last week, futures rallied due to weakening supply and a tighter-than-expected Energy Information Administration storage report. However, the bullish sentiment was short-lived, and the June contract has already lost 16 cents since Friday's high of $2.685. The impending monthly contract rollover and Memorial Day weekend will define the near-term picture for natural gas futures.
- Natural Gas Futures Give Back Gains as Forecasts Lack Impressive Early June Heat Natural Gas Intelligence
- Natural-gas futures drop more than 7%; oil prices end higher MarketWatch
- Natural Gas Price Forecast – Natural Gas Markets Pulled Back Slightly FX Empire
- Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures Natural Gas Intelligence
- Oil prices give up early losses to finish higher; natural-gas futures drop over 7% MarketWatch
- View Full Coverage on Google News
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