Learn more

August Nymex natural gas (NGQ24) on Wednesday closed down by -0.017 (-0.70%). Aug nat-gas prices Wednesday moved lower for the seventh consecutive session and posted a 7-week low. Nat-gas prices remain under pressure as weather forecasts have been trending cooler in the US, which will curb nat-gas demand from electricity providers to run air-conditioning. The Commodity Weather Group said Wednesday that forecasts moved cooler for the central part of the US for July 8-12. Wednesday’s weekly EIA nat-gas inventories rose +32 bcf, close to expectations of +31 bcf. The outlook for hot summer tempera…

cuu