Natural Gas Prices Plummet Amidst Cooling Demand Collapse
TL;DR Summary
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:business#cooling-demand#energy#natural-gas-futures#price-decline#september-outlook#weather-driven-demand
- As Models Foretell 'Collapse in Cooling Demand,' Natural Gas Futures Trade Sharply Lower Natural Gas Intelligence
- Natural Gas Price Forecast – Natural Gas Markets Get Crushed FX Empire
- Natural Gas Falls 6% as U.S. Cooling Trends Increase The Wall Street Journal
- Natural gas price awaits the positive momentum – Analysis – 5-9-2023 Economies.com
- Natural Gas Futures: A sustained drop appears not favoured FXStreet
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
60%
138 → 55 words
Want the full story? Read the original article
Read on Natural Gas Intelligence