0943 ET - U.S. natural gas futures move lower in early trading as the summer season approaches an end. "A cooler forecast with plenty of supply is keeping the 'sell the rallies' theme in place," Dennis Kissler of BOK Financial says in a note. Even with U.S. LNG demand at its highest since April, heavy U.S. storage and coming mild fall temperatures mean ample supplies are available, he says. A near-term positive is that this week's storage report is expected to show a smaller-than-average inventory build. Nymex natural gas is down 2% at $2.857/mmBtu.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.