US Natural Gas Prices Slump On High Inventories, Record Production

No commodity likes a hot summer like natural gas, when used to air-condition homes and businesses. Unfortunately for natural gas bulls, despite a hot next few days, milder weather forecasts for the second half of August, combined with robust storage levels and output, pushed US natural gas futures below $2.90 per MMBtu, Tuesday, their lowest level since November 2024. US natural gas futures. Source: Trading Economics According to Trading Economics, output in the Lower 48 states averaged 108.3 billion cubic feet per day (bcfd) so far in August,…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com