# A Shrinking Spread Shows Gas Market Is Far From Over the Glut

> 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.

- Date: 2017-07-02 · published 2017-07-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70142-a-shrinking-spread-shows-gas-market-is-far-from-over-the-glut
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A glut that persists through peak summer demand keeps US gas prices weak, which lowers energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- eghtesadonline.com: https://www.eghtesadonline.com/en/news/777323/a-shrinking-spread-shows-gas-market-is-far-from-over-the-glut

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