Robust Supply, Sluggish Demand Chip Away at Natgas

摘要

A confluence of bearish fundamentals pulled the September natural gas futures contract below major support at $2.80 per million Btu on Friday, with a further late-summer price plunge still possible if weather outlooks continue to trend mild. While the prompt-month contract found some footing in the upper $2.70s, it ended the week down 16.7￠, or 5.7.