The November gas futures contract ended Friday’s session down about a half cent to remain in the low $2.20s per million Btu and bringing the weekly loss to 13.8c, or 5.9%, as below-normal demand and a bearish storage injection are weighing on the market.

摘要

The prompt month slid 0.4c to end the week at $2.214/MMBtu after testing $2.18 support when trading in a $2.187-2.262 range. Meanwhile, the 12-month strip was up 0.7c at $2.361, while the 2020 strip rose 0.3c to $2.387 (Futures contracts). The Baker Hughes report showed gas- focused rigs were down by one at 143 (Rig counts).