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July Nymex natural gas futures fell 17.0 cents to settle at $2.586/MMBtu on Tuesday, June 4, 2024, after a Louisiana pipeline outage was fixed quickly and Lower-48 production estimates were revised higher. Western cash prices rose on a heat wave.
Higher output and a faster pipeline fix add supply and weigh on US gas prices, though regional heat supports cash prices. The move is routine price action with limited direct feed-market impact.
naturalgasintel.comChris NewmanJun 4, 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.
