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Natural Gas Prices Plummet Amidst Cooling Demand Collapse

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Source: Natural Gas Intelligence
Natural Gas Prices Plummet Amidst Cooling Demand Collapse
Photo: Natural Gas Intelligence
TL;DR

Natural gas futures experienced a sharp decline in after-hours trading due to a weaker weather-driven demand outlook for September. The October Nymex contract dropped 17.5 cents to $2.590/MMBtu, while November fell 12.6 cents to $2.985. Cooler trends from weather models and the European model's projection of seasonal temperatures and demand levels contributed to the decline.

Topics:businessenergy#cooling-demand#energy#natural-gas-futures#price-decline#september-outlook#weather-driven-demand
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  1. As Models Foretell 'Collapse in Cooling Demand,' Natural Gas Futures Trade Sharply Lower  Natural Gas Intelligence
  2. Natural Gas Price Forecast – Natural Gas Markets Get Crushed  FX Empire
  3. Natural Gas Falls 6% as U.S. Cooling Trends Increase  The Wall Street Journal
  4. Natural gas price awaits the positive momentum – Analysis – 5-9-2023  Economies.com
  5. Natural Gas Futures: A sustained drop appears not favoured  FXStreet
  6. View Full Coverage on Google News

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