0929 ET - U.S. natural gas futures are returning yesterday's gains with the market continuing to weigh weather-driven demand against strong production and comfortable inventory levels. A near-record start to September cooling demand, and LNG recovering to four-month highs are supportive of Nymex gas, Eli Rubin of EBW Analytics says in a note. But Tropical Storm Edouard is likely to bring cooling rains as it approaches the Gulf coast and "the traditionally soft Labor Day weekend is ahead," he adds. Nymex natural gas is down 2.4% at $2.863/mmBtu.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.