In its first session at the front of the curve, the October Nymex gas futures contract early Thursday was lower and in a holding pattern amid an evolving supply/demand outlook.
Coming off a 1.2-cent gain the prior session, October futures were down 3.7 cents to $2.060/MMBtu at around 8:30 a.m. ET as the market braced for today’s government inventory report.
NatGasWeather said cooling demand would hold strong through this week, but the forecast for the first third of September was less rosy from a natural gas price bull’s perspective.
