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Daily Prices

8/30/24

As Market Tightens, Natural Gas Futures Rally — MidDay Market Snapshot

By Kevin Dobbs

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Published in: MidDay Price Alert Filed under:

Natural gas futures on Monday advanced through early afternoon trading, propelled by forecasts for widespread heat in late August, lighter production and expectations for another big sign of tightening supply/demand with Thursday’s government inventory data. Spot prices also advanced.

NGI's SoCal Border Avg. natural gas price chart

Here’s the latest:

  • September Nymex gas trading up 9.9 cents to $2.222/MMBtu as of 2:20 p.m. ET
  • Bullish storage print anticipated with U.S. Energy Information Administration (EIA) assessment

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Kevin Dobbs

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.