# US natural gas futures breaks three-day gains - Markets - Business Recorder

> 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.

- Date: 2020-07-02 · published 2020-07-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11175-us-natural-gas-futures-breaks-three-day-gains-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40002599

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.