Natural gas futures extend losses as heat seen potentially breaking down later this month

Natural gas futures extend losses as heat seen potentially breaking down later this month
# 02 August 2023 11:07 (UTC +04:00)

Natural gas futures pulled back further on Tuesday as the latest weather models cooled a bit, APA-Economics reports citing Natural Gas Intelligence.

With lofty production and an unwavering storage surplus also weighing on prices, the September Nymex gas futures contract settled 7.4 cents lower day/day at $2.560/MMBtu. Spot gas prices were down as well amid mostly seasonal weather across the Lower.

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