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The spread between August and September US natural gas futures narrowed to near zero, the first time since more than a year earlier. Traders say the shale gas glut is persisting despite summer demand.
August futures settled at about US$3.035/MMBtu after cooler weather forecasts.
A glut that persists through peak summer demand keeps US gas prices weak, which lowers energy and fertilizer costs for feed producers.
eghtesadonline.comJul 2, 2017Not 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.
