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August Nymex natural gas closed down 6.5 cents, about 2.4%, as forecasts pointed to cooler temperatures in the Northeast. Lower-48 output was near 99.8 bcf/d and EEI reported US electricity output down 4% year on year.
Lower cooling demand and high inventories point to softer gas prices, easing energy and fertilizer cost pressure on feed producers.
barchart.comRich AsplundJul 26, 2023Not 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.
