August natural gas futures fell 4.6 cents to $2.894/MMBtu by midday Monday as rising production and softer LNG export volumes pulled prices lower. Traders weighed near-term cooling demand against plump supply, while benchmark physical prices struggled to gain traction.
August natural gas slipped 4.6 cents to $2.894/MMBtu at 11:50 a.m. ET on Monday, extending the market's recent weakness. Rising output and a maintenance-driven hit to export volumes weighed on the prompt-month contract.
Traders set near-term cooling demand against plump supply readings and a maintenance-induced drop in export volumes. The pull between demand and rising output left the front-month contract under pressure.
On the physical side, benchmark cash prices struggled for traction even as futures slid. The how to trade natural gas guide explains the contracts behind these moves.
The move came as rising production and weaker LNG exports weighed on prices, tied in part to export maintenance.
Source: Natural Gas Intelligence (snippet-based)
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