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Natural gas futures fizzled midweek but held comfortably above $9 as bulls remained largely in control of the market. The September Nymex gas futures
Just downstream from the Appalachian supply basin — where daily spot natural gas prices are among the lowest in the country — cash and forward prices in the Mid-Atlantic and Southeast have rocketed, becoming the highest gas prices in the land, and in
After plunging close to $8.50/MMBtu just before the open, natural gas futures clawed most of the way back throughout Friday’s session despite little
Natural gas futures sold off for a third straight session Tuesday, with weak physical prices, cooler forecast trends and the prospect of another above-average inventory build all helping to keep the bulls on the sidelines. Meanwhile, calls for more heat and humidity along the East Coast couldn’t stir up a stagnant spot market; the NGI Spot Gas National Avg. slumped 5.5 cents to $1.875/MMBtu.
After holding steady for several days, production took a tumble on Tuesday and drove a swift rebound for natural gas futures. The Nymex September gas