Natural gas futures traded in a narrow band early Wednesday as traders contemplated favorable late-summer fundamentals alongside the specter of fall weather and the inevitable swoon in cooling demand that it delivers.
The September Nymex gas futures contract was up 1.3 cents to $2.211/MMBtu at around 8:30 a.m. ET.
A day earlier, the prompt month shed 3.7 cents. NGI’s Spot Gas National Avg. similarly slipped 3.5 cents to $1.625.