Updated Aug 30, 2024
8/30/24
Natural gas futures traded in negative territory most of Wednesday – and have declined all but three sessions so far this year – amid a persistently potent warm-weather pattern that squashed demand across much of the Lower 48.
Natural gas futures found fresh footing in positive territory Wednesday, marking the first gain of 2023, amid estimates for a massive storage withdrawal report.
Natural gas futures eked out a gain Wednesday amid worries that a fierce and widespread winter freeze could force production interruptions, ending a three-day run of steep losses. The January Nymex gas futures contract settled at $5.332/MMBtu, up six-tenths of a cent day/day. February rose 2.2 cents to $5.238.