U.S. Natural Gas Futures Start Week with Losses

Dow Jones
08/17

0926 ET - U.S. natural gas futures are lower after weekend weather forecasts shed some near-term heat, with the demand impact offset in part by recovering LNG feedgas flows. "While buried under production and weather headlines, strengthening LNG demand--if sustained--may help natural gas find support," Eli Rubin of EBW Analytics says in a note. "Higher supply over the next few weeks and cooler weather may mark a seasonal low for Nymex gas futures before they recover in the autumn." Gas for September delivery is off 2.2% at $2.672/mmBtu.

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