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The July Nymex natural gas contract expired at $2.628 per MMBtu on June 26, down 12.8 cents on its final session. August moved to the front of the curve at $2.745.
Traders weighed strong cooling demand against solid output of about 100 Bcf/d.
This is routine contract-expiry commentary with no new supply or demand shock. It confirms that US gas prices remain range-bound near current levels, so feed-cost impact is small.
naturalgasintel.comJun 26, 2024Not 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.
