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US natural gas futures snapped a three-session gain, with the August contract falling 8 cents to $1.671 per MMBtu. Investors took profits as surging US COVID-19 cases raised fears of renewed lockdowns that could cut power demand.
Renewed lockdown fears threaten cooling and industrial demand, pressuring prices, while expected record end-of-season storage also caps gains. Support comes from summer weather uncertainty.
brecorder.comReutersJul 2, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
