The September gas futures contract slid 1.1% to close in the low $2.90s per million Btu in the wake of a storage injections a bit higher than expectations

摘要

However, losses were stanched by the fact this is the sixth consecutive week data came in well below the fiveyear average. Widespread heat across the US limited the amount of gas available for storage last week. However, summer heat has begun to wane, so injections could start reflecting record gas production. The prompt month sank 5￠ to the upper $2.80s after the storage data was released, but found support at $2.90 and regained a few cents to close at $2.908, down 3.2￠. The contract traded in a range from $2.891 to $2.949. The 12-month strip moved 2.3￠ lower to $2.877, while the 2019 strip was down 1.5￠ at $2.817 (Futures contracts).