U.S. natural gas futures fall 2.2% as cooler forecasts weigh

U.S. natural gas futures moved lower in early trading, with the September contract down 2.2% at $2.672 per mmBtu as weekend weather forecasts pointed to less near-term heat and weaker cooling demand. Recovering LNG feedgas flows partly countered that pressure by supporting gas consumption. EBW Analytics' Eli Rubin said stronger LNG demand, if it persists, could help prices find support, while higher supply in the coming weeks and cooler weather may mark a seasonal low for Nymex gas futures before an autumn recovery.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.