The September gas contract slid a penny Friday to close in the mid-$2.90s per million Btu, shaving a bit off a two-session 5.8-cent rally.

摘要

Thursday's storage data met expectations, but the market is still being pressured by a five-week string of seasonably weak builds. "Easing demand in late July and early August that should have left room for larger injections did not materialize to the extent expected, and the market is now having a tough time counting on production to fill the gap," Gelber & Associates analyst Daniel Myers said Friday. "Nevertheless, the latest rally is losing steam as mixed weather forecasts through late-August withdraw their support, leaving prices stalling in the $2.90s."