# Natural Gas Futures Erase Monday’s Gains as Wild Swings Continue; Heat Lifts Cash

> 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.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7811-natural-gas-futures-erase-monday-s-gains-as-wild-swings-continue-heat-lifts-cash
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-erase-mondays-gains-as-wild-swings-continue-heat-lifts-cash/

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