# Natural Gas Loses Momentum But Closes Higher

> US natural-gas futures gave back much of their early gains on Monday, closing up 1.5% at $2.579/mmBtu despite hot weather and strike threats at a Chevron LNG terminal in Australia. Tropical Storm Idalia was expected to approach Florida.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34753-natural-gas-loses-momentum-but-closes-higher
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Intraday strength faded on weak demand outlooks, so the net effect on feed energy costs is limited.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/natural-gas-futures-rise-as-hot-weather-boosts-demand-63d58ac2

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