Loading…
US natural gas futures fell to a fresh three-year low as spot prices hit multi-year lows. Production was near record highs and forecasts showed weaker demand than previously expected.
Analysts expected storage to reach a near-normal 3.7 tcf by the end of the injection season.
Record output and easing storage deficits signal ample supply, keeping natural gas prices weak. Cheaper energy supports lower processing costs for feed.
energynow.comReutersJul 29, 2019Not 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.
